Navajo Nation to reopen manufacturing plant

Tuesday, October 30, 2007  

The Navajo Nation is reopening a manufacturing plant after ousting its CEO, who turned out to be a convicted felon.

The tribe went into business with Hak Ghun and BCDS Manufacturing. The company took out a $2.2 million that was backed by the tribe.

BCDS missed loan payments amid revelations that Ghun was convicted of mail fraud, wire fraud, commodity fraud and perjury in 1994. The tribe ousted him earlier this month.

Navajo Economic Development Director Allan Begay said BCDS will get back on track with a government contract for metal and fiberglass fabrication.

Get the Story:
Navajo Nation aims to reopen embattled factory (The Farmington Daily Times 10/30)

Relevant Links:
Navajo Nation - http://www.navajo.org

Related Stories:
Navajo Nation ousts convicted felon from business (10/16)
Editorial: Navajo Nation makes a mess of loan (9/25)
Navajo Nation pays off company's loan (9/19)
Editorial: More poor planning on Navajo Nation loan (6/20)
Navajo Nation didn't check background before loan (6/7)
Navajo Nation investigates alleged loan misuse (6/6)