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Two executives trying to build ethanol plant in Eastern North carolina facing extortion and bribery charges
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Published: October 7, 2008
RALEIGH - A federal grand jury has charged two former executives at a company that wants to build an ethanol plant in Eastern North Carolina with conspiring to commit extortion and bribery.
David Lee Brady and James Perry Jr. were released on bond after appearing in court to face charges contained in a 12-count indictment unsealed Tuesday.
Federal prosecutors allege that Brady and Perry bribed a state environmental regulator to expedite permits for a $220 million plant proposed by their company, Agri-Ethanol Inc. The men are also accused of lying to a federal grand jury.
The state environmental official, Boyce Hudson, pleaded guilty to extortion and money-laundering charges earlier this year, and was sentenced in August to four years in prison.
Brady's attorney, Steven Smith, said Tuesday that neither perjury nor bribery was committed.
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