WASHINGTON - Following the exposure of a massive bribery and kickback scam involving a military contractor and employees of the U.S. Army Corps of Engineers, Rep. Ed Markey (D-Mass.) today called for a hearing in the Natural Resources Committee, which has jurisdiction over Alaska Native Corporations, of which the company in question is a subsidiary.
"An investigative hearing on this matter would give the committee an opportunity to investigate whether these requirements were observed at EyakTek, what internal controls the corporation has in place to protect against bribery or other malfeasance by company employees, and whether additional protections are needed," writes Rep. Markey, the top Democrat on the committee, to Chairman Doc Hastings (R-Wash.).
EyakTek is a subsidiary of the Eyak Corporation, which is an example of an Alaska Native Corporation. Alaska Native Corporations were established in 1971 to represent the various regions and villages of Alaska Natives, and Alaskan Natives are shareholders in their respective corporations. The corporations receive special consideration for some government contracts, and are subject to corporate governance and disclosure requirements.
