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July 31, 1992 - Image 51

Resource type:
Text
Publication:
The Detroit Jewish News, 1992-07-31

Disclaimer: Computer generated plain text may have errors. Read more about this.

••"""mmi NEWS

1

Studio In Harvard Row Mall

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G.E. Guilty
In Arms Scandal

New York (JTA) — Gen-
eral Electric Co. has pleaded
guilty to four criminal
charges and agreed to pay
fines totaling $69 million in
connection with a fraud and
bribery scandal involving
sales of military jet engines
to Israel.
The electronics giant,
which manufactures jet
engines, pleaded guilty, in
federal District Court in
Cincinnati, to U.S. Justice
Department criminal
charges involving con-
spiracy, submitting false
claims, failure to keep accu-
rate records and money
laundering.
The charges led to a fine of
$9.5 million.
G.E. also agreed to pay
$59.5 million to settle a civil
case involving the diversion
of $40 million in U.S.
military aid earmarked for
Israel.
The charges arose in
December 1990 after
Chester Walsh, a whistle-
blower at G.E. who had
previously worked in Israel,
claimed that a high-level
G.E. executive had made $11
million in bribery payments
to secure Israeli contracts for
jet engines.
The bribes were made to
Brig. Gen. Rami Dotan, the
Israeli air force's chief pro-
curement officer in the
United States during the
c mid-1980s.
Mr. Dotan, subsequently
tried in Israel, was reduced
in rank to private and given
a 13-year jail term.
Herbert Steindler, the
G.E. executive who was
named in the lawsuit as a
participant in the alleged
fraud, was fired by the com-
pany last year and is now
thought to be living in
Rome.
On June 1, the Pentagon's
Defense Logistics Agency
suspended the aircraft
engines division of G.E. from
competing for U.S. govern-
ment contracts because of
the allegations of fraud.
But, according to a
spokesperson for the agency,
that suspension was lifted
four days later, after G.E. of-
ficials agreed in writing to
provide compensation for
any wrongdoing in the
matter and to initiate safe-
guards.
In papers filed with the
U.S. District Court, Justice
Department lawyers in-
dicated they had reached the
settlement with G.E. after
the company had
"substantially assisted the
investigation."

L

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