05:16:27 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Naeem Tyab wins favourable jail recommendation in U.S.

2023-11-08 20:24 ET - Street Wire

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Vancouver's Naeem Tyab has made some progress in his effort to avoid the "harrowing" prospect of serving his sentence for a 2011 bribery scheme in a medium-security U.S. prison. A federal judge has recommended that Mr. Tyab serve his three-year jail term at FCI Lompoc, a prison in the Los Angeles area. The judge has also recommended that Mr. Tyab be assigned to the jail's minimum-security satellite camp, essentially a dormitory with limited supervision.

The order comes as part of a case in which prosecutors cited Mr. Tyab for a bribery scheme involving Griffiths Energy International Inc., a then-private Calgary company that is now part of Glencore PLC. According to prosecutors, officials from the African country of Chad solicited and accepted bribes from Mr. Tyab and, in return, agreed to use their positions to influence the awarding of oil rights. There was no trial for Mr. Tyab, as he pleaded guilty to a charge of conspiracy to violate the Foreign Corrupt Practices Act. The judge later sentenced him to three years in prison.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Christmas came early... Now he doesn't have to be spending all those lonely nights with the big bad hard core wolves wanting a man friend... Poor guy he must have had so many sleep-less nights.

Posted by Thomas. at 2023-11-09 15:07