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

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

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

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.