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APNewsBreak: Iowa unaware of company's fraud suit

Associated Press
APNewsBreak: Iowa unaware of company's fraud suit

In this Nov. 19, 2012 photo Egyptian billionaire Nassef Sawiris, left, CEO of Cairo-based Orascom Construction Industries, Iowa Secretary of Agriculture Bill Northey, center, and Iowa Republican Gov. Terry Branstad sign their name in concrete during a groundbreaking ceremony for a fertilizer plant in Wever, Iowa. State and local officials promised Orascom $200 million in tax breaks to build the 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. (AP Photo/The Hawk Eye, Brenna Norman) MANDATORY CREDIT

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