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Lockheed admits to oversea payoffs in long report
The Lockheed Aircraft Corp report filed in Washington says payments of at least 30 million dollars or more were made to foreign nations and officials overseas. The probe blames ex-chairman Daniel Kotchlan and ex-president A. Car Kethhian for promoting ethical distortions and bypassing checks, while noting current president L. Q. Kitchen and CFO R. A. Anderson share responsibility. The committee examined payments to as many as 43 countries, with some described as extortion or proper, and highlighted bearers checks and yen currency in Japan among the details.
MENTIONED IN THIS ARTICLE
Burbank
UPI
Lockheed Aircraft Corp
Lockheed
Washington, D.C
Securities and Exchange Commission
Daniel Haughton
Lockheed Board
A. Car Kethhian
Kotchlan
Haughton
Haack
Kitchen and Anderson
J Wilton Newman
Dun and Bradstreet
Newasaur
Japan
Italy