James Giffen Arrested On Bribery Charges

NEW YORK (AP) -- A man was accused Monday of bribing senior officials from Kazakhstan with more than $20 million so his small bank in Manhattan could participate in lucrative oil deals.

According to a federal complaint unsealed Monday, James Giffen, 62, transferred millions of dollars in 1995 and 1996 to Swiss bank accounts to secure business for his company.

FBI Agent Kevin Irwin said in the complaint that the bribes were used to retain the favor of two senior Kazakh officials, one of whom put his daughter through an exclusive Swiss school with some of the money. The officials were not identified in the complaint.

New York man arrested on charges he bribed Kazakhstan officials - AP via New Jersey Online Apr 1 2003 0:32AM ET