Navajo Nation didn't check background before loan
Thursday, June 7, 2007
Filed Under:
Business
The Navajo Nation failed to do a background check of the CEO of a company who was convicted of mail fraud, wire fraud, commodity fraud and perjury, a tribal official said.
Hak Ghun of BCDS Manufacturing Inc. was convicted in 1994. The tribe didn't know about his record before it agreed to lend his company $2.2 million.
"We did a very cursory check," Executive Economic Development Director Allan S. Begay told The Farmington Daily Times.
But Begay supported the work of Ghun and BCDS, which operates a manufacturing plant on the reservation.
Navajo Nation Council delegates, however, are investigating the loan.
Get the Story:
Economic development director supports BCDS
(The Farmington Daily Times 6/7)
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Navajo Nation -
http://www.navajo.org
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