Written by queen mudder
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Thursday, 2 August 2007

image for Frank Murkowski next say FBI sources
Exxon Valdex clear-up cover-up to be Murkowski's undoing?

Anchorage, Alaska - (Disatser Press): FBI sources investigating the murky dealings of the Corrupt Bastards Club have hinted strongly that former Governor of Alaska and ex-US Senator Frank Murkowski is likely to be probed following the raid on Senator Ted Stevens' home.

Murkowski has so far escaped investigation into oil industry graft specialist VECO's corruption sponsorship of Alaskan politicians.

But FBI archives are being re-examined for material relating to his relationship with VECO executives during the clean up and subsequent cover-up of the March 1989 Exxon Valdez disaster when 53 million gallons of crude bound for California were liberally dispersed into Alaskan waters and generated one of the oil industry worst avoidable horrors in modern history.

A series of lawsuits fined the Exxon Corporation $5 billion in punitive damages for the Valdez spill.

Furious appeals saw the fines reduced to $4 billion, then upped to $4.5 billion and finally slashed to $2.5 billion.

And the eminence grise behind lobbying of the Justice Department to slash the damages?

Step forward Frank Murkowski.

The January 27 2006 Exxon appeal before the 9th Circuit Appellate Court resulted in the final damagesaward cut to $2.5 billion last year on December 22, with the Court citing recent US Supreme Court rulings relative to limits on punitive damages.

This week FBI investigators are probing the extent of Exxon leaning on VECO to pay off Murkowski to "use his influence" in the Justice Department to ensure the punitive fines did not end up bankrupting Exxon.

Murkowski has argued Exxon's position that punitive damages greater than $25 million "are not justified" because the Prince William spillwas an accident and because they had already squeezed shareholder profits by over $2 billion cleaning up the spill.

Further, their legal fees had gone way over the $1 billion mark in the settlement of both civil and criminal charges.

The VECO Corporation was Exxon's top clean-up tool in the Exxon disaster.

Their bribery of Alaskan State legislators has already resulted in one conviction and another seven politicians are also indicted awaiting trial in Anchorage.

Frank Murkowski is clearly a petrified man this week as his nepotism if put under the spotlight as his daughter Senator Lisa Murkowski faces ethics investigations into her dodgy land trade dealings.

"This is tip of the iceberg stuff," FBI sources confirmed today.

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