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Muddy Waters: Albania scanning concession was obtained through massive bribe of up to $125 mln

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4 mins read
8 years ago
The drugs were moved by trucks. (Photo: Stock)
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TIRANA, Dec. 19 – A U.S.-based research firm claims the customs scanning concession Albania awarded in 2013 to American OSI Systems was obtained through a massive bribe of half of up to $125 million. In an investigative report, the research firm described the concession that the previous Democratic Party-led government awarded to Rapiscan, the OSIS wholly-owned subsidiary as ‘rotten to the core,” citing evidence from the National Business Center that a 49 percent stake in the concession was transferred to an Albanian company run a by a doctor for a mere $4.5 in September 2013. Carson Block, founder and director…

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Story Highlights

  • Carson Block, founder and director of Muddy Waters, has told Bloomberg TV he has "smoking-gun proof that, when this company got a turn-key contract a few years ago in Albania — worth $150-$250 million top line —they paid a bribe or kickback of almost half of that concession."

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