US accuses titanium executive of bribery

Apr 04, 2014 | 06:33 PM | Frank Haflich

Tags  Dmitry Firtash, titanium sponge, Department of Justice, bribery charges, India, ilmenite, Group DF, Ukraine Zaporozhye Titanium and Magnesium Combine State Enterprise

LOS ANGELES — A federal indictment unsealed this past week accuses a Ukrainian titanium executive of conspiring to bribe officials in India to mine minerals, including ilmenite, a feedstock for sponge.

The indictment, returned under seal in June 2013, alleges that beginning in 2006 Dmitry Firtash, the 48-year-old owner of Kyiv, Ukraine-based Group DF Ltd., was the leader of an enterprise in which he authorized payment of at least $18.5 million....

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