U.S. Scrutinizes Private Equity Hiring of Ex-Army Officer.
http://dealbook.nytimes.com/2013/08/...-officer/?_r=1
Part of the news article:
"Government lawyers have asked the
private equity firm headed by the prominent financier Lynn Tilton for information related to its recent hiring of a former
Army official, according to people briefed on the matter.
The former Army official, Col. Norbert E. Vergez, headed a unit that awarded lucrative business to a helicopter company owned by Ms. Tilton’s firm, Patriarch Partners.
Last Friday, the civil arm of the Justice Department asked Patriarch to provide it with documents related to Mr. Vergez. Ms. Tilton confirmed the inquiry in a statement on Thursday.
The inquiry is expected to examine Mr. Vergez’s government activities,
his dealings with Patriarch and
how he came to be hired by the firm in February, according to an official who spoke on the condition of anonymity because he was not authorized to speak publicly.
Until he retired late last year, Mr. Vergez ran a multibillion-dollar Pentagon unit that bought helicopters for the Army and United States allies.
In 2011, Ms. Tilton’s company, MD Helicopters, won a contract worth up to
$186 million for as many as 54 helicopters to be used in Afghanistan."
Quote from Ms Tilton.
“MD and Patriarch are squeaky clean,” the statement said.
“Our only fear is of any specter that the press might cast and not of any truth that an investigation will find.”
Its a funny old world and this has a hint of her friend and partner Joep
