April 6, 2015

Ex-Im boosted foreign exports for company charged with bribing foreign officials

Export-Import Bank funds went to a company accused by federal prosecutors of bribing foreign officials, records obtained by the Washington Examiner show.

The U.S. government's Export-Import Bank is the subject of a congressional funding battle, with small-government types saying its "corporate welfare" for massive corporations like Boeing and should be eliminated.

The federal agency has figured prominently in the rhetoric of early presidential contenders. Its employees, in an effort to preserve their jobs, say that most of its transactions help small American businesses.

They also grease multimillion dollar foreign deals for companies like Diebold Inc., which the Department of Justice and the Securities and Exchange Commission charged in 2013 with foreign corruption in China and Russia.

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