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USA accuses titanium executive of bribery

April 07, 2014 - 05:08 GMT Location: Los Angeles

KEYWORDS: titanium

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 in bribes to...

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