Prosecution should proceed in Kazakh bribery scandal

07/07/2003
The bribery scandal over oil deals in Kazakhstan gives international companies plenty to worry about.The industry, however, must be clear about this: The prosecution should proceed.Controversy centers on James Giffen, an American advisor to Kazakh President Nursultan Nazarbayev.US federal officials arrested Giffen Mar. 30 for alleged violations of the Foreign Corrupt Practices Act (FCPA), which outlaws bribery.Under that and subsequent indictments, Giffen is suspected of funneling more than $78 million in payments from western oil companies to two top Kazakh officials. Although not named in the indictments, Nazarbayev is known to be one of the suspected officials.Since Giffen's arrest...
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