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Revealed: Koch Brothers Caught Trading with Iran and Bribing Officials
A new investigative report by Bloomberg canvasses decades of criminality and bad business ethos from Koch Industries. The report reveals that the Koch brothers schemed to sell petrochemical products to Iran’s nationalized oil program, and that the company has bribed foreign officials in Africa, India, and the Middle East in violation of the Foreign Corrupt Practices Act, among other legally and morally questionable acts.
The report also shows how the Koch brothers have a history of pressuring whistleblowers into quitting by removing them from their normal work environment and stripping them of their normal responsibilities. Koch Industries bribed foreign officials to secure business relationships, and have continually ignored regulations even despite a history of fatal accidents. Koch Industries paid $35 million to settle lawsuits covering more than 300 oil spills across six states in 2000.
Claims that corruption within Koch Industries extend all the way to the top of the chain have been supported by eyewitness testimony from prominent employees who alleged under oath that they were trained in a scheme to cheat oil producers out of money. According to data compiled by the Senate, Koch records show that from 1986 to 1988 alone, Koch took at least 1.95 million barrels of oil that it never paid for. These reports show the Koch rise to power has been riddled with discrepency, corruption, and questionable dealings.