Menu
Home

Crime & Courts

6 unnamed executives, explosives storage company indicted in Louisiana

Louisiana authorities have indicted Explo Systems Inc. and six unnamed owners and managers on charges relating to improper storage of millions of pounds of explosive military propellant.

Webster Parish District Attorney Schuyler Marvin says the employees face 10 felony charges in an indictment handed down Monday by a grand jury. The workers have not been identified because the indictment is still sealed.

Louisiana State Police officials stripped Explo Systems of its explosives license May 20. The company sued Friday to get it back.

Explo Systems had a multimillion-dollar military contract to dismantle propelling charges used to fire artillery rounds.

The company leased space at Camp Minden, a Louisiana National Guard installation. An investigation found millions of pounds of improperly stored propellant, leading to evacuation of nearby Doyline, La., last winter.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.08% dw 4.24%  
15 Y Fixed Graph 3.19% dw 3.23%  
30 Y Fixed Jumbo Graph 4.51% dw 4.53%  
5/1 ARM Graph 3.36% dw 3.46%  
5/1 Jumbo ARM Graph 3.71% up 3.57%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.36% -- 4.36%  
$50K HELOC Graph 4.06% -- 4.06%  
$30K Loan Graph 5.07% dw 5.08%  
$50K Loan Graph 4.50% dw 4.51%  
$75K Loan Graph 4.50% dw 4.51%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% up 2.92%  
36 M Used Graph 3.47% up 3.46%  
48 M New Graph 3.21% -- 3.21%  
48 M Used Graph 2.98% -- 2.98%  
60 M New Graph 3.23% -- 3.23%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.34% -- 0.34%  
1 yr Graph 0.66% -- 0.66%  
5 yr Graph 1.34% -- 1.34%