WASHINGTON: The Allbritton family, which maintains a 40% stock interest in scandal-plagued Riggs Bank, has turned to Hill & Knowlton for help with its personal PR.
On March 7, Robert Allbritton resigned as chief executive and chairman of Riggs National. Allbritton's father, Joe, stepped down as chief executive in 2001 amid a money-laundering scandal.
Both H&K and Allbritton Communications, where Robert Allbritton remains as CEO, declined comment. The latter company owns about a dozen TV stations in seven markets.
Last year, Riggs received a record $25 million fine from the Office of the Comptroller of Currency for violating money-laundering laws.
In January, the bank was fined $16 million for failing to thwart alleged money-laundering by former Chilean president Augusto Pinochet.