August 4, 2010
A former executive faces up to five years in prison after admitting that he paid bribes to help a Danville-based tobacco company secure business in Kyrgyzstan.
Bobby Jay Elkin Jr. pleaded guilty Tuesday in federal court in Danville to an information charging him with conspiracy to violate the U.S. Foreign Corrupt Practices Act. A sentencing date hasn't been set.
According to the information, Elkin and several co-conspirators paid more than $3 million in bribes to Kyrgyzstan officials from 1996 to 2004.
A civil action filed in April by the U.S. Securities and Exchange Commission identified Elks' former employer as Dimon Inc. That case has been settled.
Dimon merged with Standard Commerce Corp. in 2005 to form Alliance One International.