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Iowa unaware of Egyptian company’s fraud suit

February 15, 2013
By RYAN J. FOLEY , THE ASSOCIATED PRESS

IOWA CITY - State and local officials promised an Egyptian company $200 million in tax breaks to build a fertilizer plant in southeast Iowa without knowledge of a pending lawsuit alleging one of the company's subsidiaries defrauded U.S. taxpayers out of millions of dollars, officials told The Associated Press.

 
 

 

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