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Published on Citizens for Responsibility and Ethics in Washington (http://www.citizensforethics.org)

Federal grand jury investigating ties between Senator Stevens and troubled oil company, Veco. Inc.

By crew
Created 18 Jun 2007 - 1:35pm

The plot thickens in the scandal surrounding Alaska's senior Senator, Ted Stevens. In an unguarded interview with the Washington Post [0], Senator Stevens acknowledged that he was told by the FBI to preserve records. Today's Anchorage Daily News [1] reports that a federal grand jury is looking at the relationship between Stevens and Veco Inc. Top officials from Veco Inc. have already pleaded guilty to conspiracy and bribery charges:

A federal grand jury in Washington, D.C., heard evidence last month about the expansion of U.S. Sen. Ted Stevens' Girdwood home in 2000 and other matters connecting Stevens to the oil services company Veco Inc.

As the far-reaching federal investigation into corruption in Alaska politics spreads to Washington, Stevens family friend and neighbor Bob Persons was ordered to appear before a grand jury in Washington on May 25. The government directed him to produce documents related to the work on Stevens' Girdwood house, especially to work that might have been performed by Veco and contractors who were hired or supervised by Veco.

Another close associate of Stevens, Anchorage businessman Bob Penney, testified two weeks ago before the federal grand jury in Anchorage that has been gathering evidence in the corruption cases.

The house expansion project, first reported in the Daily News on May 29, more than doubled the size of the home. The Stevenses had asked Persons, who lives above the Double Musky restaurant he owns in Girdwood, to help them oversee the addition while they were in Washington.

The existence of the Washington grand jury investigation is the strongest indication to date that Stevens himself has become a subject of the wide-ranging federal probe that surfaced with FBI raids on state legislative offices last August. Former State Sen. Ben Stevens, Ted Stevens' son, was among the legislators whose offices were searched. Ben Stevens has denied wrongdoing.


Source URL:
http://www.citizensforethics.org/node/29102