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PCI was a private manufacturer of air separation equipment for commercial and military end-users. Private investors who acquired PCI referred suspicious payments to the Department of Justice. PCI was acquired by private equity investment group Cherington Capital and re-named Pacific Consolidated Industries, LLC.
Smith, a sales executive, was allegedly bribing his way to a defense contract. Between 1993 and 2003, Smith offered over $300,000 in bribes to a project manager in the UK Ministry of Defence to secure equipment contracts.
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