Latest Official in Navy Bribery Case Released on Bail

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BUSAN, REPUBLIC OF KOREA: (FILES) Nuclear-powered US aircraft carrier USS Enterprise makes a port call at Busan, South Korea's largest port about 450 kilometers southeast of Seoul, 18 July 2006. Another US Navy aircraft carrier is heading towards the Middle East, boosting the number of the giant warships in the region to three, the navy said in a statement 10 July 2007. The nuclear-powered USS Enterprise and its strike group will join the USS John C. Stennis and USS Nimitz in the navy's Fifth Fleet area of operation, which includes Gulf waters off Iran . AFP PHOTO/CHOI JAE-HO (Photo credit should read CHOI JAE-HO/AFP/Getty Images)
National Journal
Jordain Carney
Nov. 8, 2013, 10:13 a.m.

Navy Cm­dr. Jose Lu­is Sanc­hez, who fed­er­al pro­sec­utors ac­cuse of trad­ing in­sider know­ledge in ex­change for bribes, was re­leased on bail Thursday, The Wash­ing­ton Post re­ports.

Sanc­hez, 41, is ac­cused of giv­ing Glenn De­fense Mar­ine Asia, a private con­tract­ing com­pany based in Singa­pore, clas­si­fied and sens­it­ive in­form­a­tion in ex­change for more than $100,000, pros­ti­tutes, and travel, start­ing in 2009 through April 2013. He is charged with con­spir­acy to com­mit bribery. Two oth­er Navy of­fi­cials were ar­res­ted un­der sim­il­ar ac­cus­a­tions in Septem­ber.

Fed­er­al pro­sec­utors be­lieve that Le­onard Glenn Fran­cis, the con­tract­ing com­pany’s chief ex­ec­ut­ive, re­cruited high-rank­ing moles with­in the Navy. An­oth­er of­fi­cial has not been charged, but is un­der in­vest­ig­a­tion. Court doc­u­ments sug­gest that oth­ers could be im­plic­ated, in what is be­com­ing the Navy’s largest cor­rup­tion scan­dal in re­cent years.

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