Local

SoCal Company Indicted On Foreign Bribery Charges

View Comments
(credit: CBS)

(credit: CBS)

LOS ANGELES (AP) — A Southern California company and two of its executives have been indicted on conspiracy charges, accused of bribing Mexican government officials to obtain lucrative contracts.

Keith Lindsey, president of Lindsey Manufacturing Co., and Steve Lee, were each charged Thursday with eight counts, including conspiracy and money laundering. If convicted, they each face more than 50 years in prison.

Federal prosecutors say the Azusa-based company paid more than$5 million to an intermediary that was used to buy a yacht and Ferrari for a Mexican official. Two others had previously been indicted on similar charges.

Court documents said the officials worked for Mexico’s national electric utility, the Federal Electricity Commission.

Attorneys for Lindsey and Lee said their clients had no knowledge of improper payments.

© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,543 other followers