Uranium One Deal: Exec Charged With Bribery

Obama administration implicated during investigation

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Mark Lambert, former co-president of Transport Logistics International, has been indicted by a Federal Grand Jury of bribing a Russian atomic energy official to help secure contracts for transporting nuclear fuel.

Lambert, 54, of Mount Airy, Maryland, was charged in an 11-count indictment with one count of conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and to commit wire fraud, seven counts of violating the FCPA, two counts of wire fraud and one count of international promotion money laundering.

The charges stem from an alleged scheme to bribe Vadim Mikerin, a Russian official at JSC Techsnabexport (TENEX), a subsidiary of Russia’s State Atomic Energy Corporation and the sole supplier and exporter of Russian Federation uranium and uranium enrichment services to nuclear power companies worldwide, in order to secure contracts with TENEX.

Vadim Mikerin Uranium One
Vadim Mikerin (RT)

The Uranium One investigation centers on the Obama administration’s clearing of a business deal that allowed a Russian nuclear firm to buy a Canadian uranium mining company with assets in the U.S.

Prosecutors allege that Lambert and his associates concealed corrupt and fraudulent payments with fake invoices, offshore bank accounts and shell companies in Latvia, Cyprus and Switzerland.

The Nuclear Regulatory Commission told Congress in 2010 that no uranium at either facility purchased by the Russian company could be exported. Still, some of the uranium mined after the deal made it as far away as Europe, The Hill reported in November.

Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) said at the time that it was “disturbing” to see that some of the yellowcake uranium had made its way overseas despite promises from the U.S. government to the contrary.

Chuck Grassley Uranium One
Senator Chuck Grassley calls for special counsel on Uranium One deal

“The more that surfaces about this deal, the more questions it raises,” Grassley said in a statement to Fox.

“It now appears that despite pledges to the contrary, U.S. uranium made its way overseas as a part of the Uranium One deal,” Grassley said. “What’s more disturbing, those transactions were apparently made possible by various Obama Administration agencies while the Democrat-controlled Congress turned a blind eye.”

The case against Lambert is assigned to U.S. District Court Judge Theodore D. Chuang of the District of Maryland.

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