An American International Group Executive pleaded not guiltyyesterday in Manhattan Federal Court to charges he was part of amulti-million-dollar scheme to bribe top Azerbaijan officials tobuy its state oil operation at a bargain price.

David Pinkerton, the managing director of AIG Global InvestmentCorporation entered his plea before U.S. District Court Judge Caseyafter the unsealing of a 27 Count indictment.

Mr. Pinkerton was accused with Czech offshore investment firmoperator Viktor Kozeny, 42, and U.S. businessman, Frederic Bourke,59, of conspiracy to violate the Foreign Corrupt Practices Act, theTravel Act and various related crimes including money launderingand false statements.

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