The Shiloch Industries chief executive officer and a number of his colleagues were fired last month by the company after they were caught up in a “shocking” investigation by the Department of Justice into whether he violated ethics laws, The Huffington View reported.
Shiloch has been in the news before this year when it emerged that the company was paying a company that manufactures a type of bulletproof veneer for the military.
The company had been ordered to pay the government $1.2 million for the purchase of the bulletproof vest, but Shiloz had the vest made by a company called Advanced Ballistic Defense Systems.
A federal lawsuit brought by Shilow Industries against the Justice Department alleges that the $1 million was a direct bribe paid by Shillow Industries, Inc. to get the company’s products approved for sale in the military by the Army, Air Force, Navy, Marine Corps, and Coast Guard.
A separate lawsuit by Shiliow Industries and Shiloe Industries LLC also alleges that Shiloy Industries and its subsidiaries illegally paid bribes to the government.
The government has filed an indictment against Shiloys associates.
The investigation, which was conducted by the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives, also included an investigation into whether Shiloya Industries violated antitrust laws by using its control over military-supplied ammunition to profit off the sales of military-issued ammunition.
In a statement, the company said that Shilios employees were terminated because of their “failure to adhere to the highest ethical standards.”
“We are committed to making this right and are taking steps to make sure that this doesn’t happen again,” the statement said.
Shilloy Industries is owned by billionaire investor and entrepreneur Robert Shiller, who is a major backer of Republican Donald Trump and the pro-gun-rights movement.
The news of Shilloy’s firing came as the FBI began to probe a separate matter involving Shiller’s business.
The FBI said Friday that agents had found a cache of documents that may show Shiller used shell companies in Cyprus to conceal assets.
Shiller has denied any wrongdoing in the case.