The Nation : 3 Charged in GE Inquiry

A General Electric Co. executive and two former company officials were indicted in Philadelphia on charges of bilking the federal government out of nearly $800,000 in a contract to build nuclear weapons components. The three were charged as part of a continuing investigation into an alleged scheme by top-level GE executives to overcharge the military on defense contracts, U.S. Atty. Edward Dennis Jr. said. GE pleaded guilty on May 13 to 108 counts of making false statements in the overcharging scheme and agreed to pay the maximum fine of $1.04 million. The company issued a statement saying that it “is not a party” to the new series of indictments.