Stevens, 84, was indicted by a federal grand jury on seven counts of making false statements on mandatory financial disclosure forms he filed between 1999 and 2006, said Matthew Friedrich, acting Assistant Attorney General for the Criminal Division.
"The indictment charges that while he was sitting as a United States senator between 1999 and 2006, Senator Stevens accepted gifts from a company known as VECO," an Alaska-based firm which provides oil field support, he said. "The gifts Senator Stevens is alleged to have received include substantial amounts of material and labour used in the renovation of a private residence which Senator Stevens and his wife owned," Friedrich said. "The total amount of gifts that Senator Stevens is alleged to have received over the duration of the offence is greater than 250,000 dollars," he said.