Mobil Exec to Plead Guilty in Tax Case
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A former Mobil Oil Corp. executive will plead guilty to federal tax evasion charges accusing him of failing to report a $2-million kickback he allegedly got for helping Mobil buy into a Kazakhstan oil field, his lawyer said.
J. Bryan Williams’ plea, scheduled for next week in Manhattan federal court, would be the first in a U.S. probe of an alleged scheme to bribe Kazakh leaders to win oil rights in the Central Asian nation. Mobil, a unit of Exxon Mobil Corp., also is under investigation.
Exxon Mobil shares fell 24 cents to $37.16 on the New York Stock Exchange.
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