Tag Archives | AWB

AWB ex-Chairman Fined over Iraq Food-for-Oil Scandal

By John Lee. A former chairman of the Australian Wheat Board (AWB) has been fined $50,000 and banned from a managing a corporation for five years for failing to properly investigate $223 million in kickbacks paid to Saddam Hussein's regime in Iraq. But according to a report from ABC News, Trevor Flugge's reputation for honesty […]

Australian Oil-for-Food Case Dropped

By John Lee. The¬†Australian Securities and Investments Commission (ASIC) has today discontinued its proceedings in the Supreme Court of Victoria against Charles Stott and Michael Long for alleged breaches of their duties as officers of AWB Limited -- formerly the Australian Wheat Board -- in connection with the United Nations Oil for Food Programme in […]

Former AWB Boss Fined in Oil-for-Food Scandal

By John Lee. The former managing director of Australian wheat exporter AWB has been fined 100,000 Australian dollars ($106,000) and banned from being a company director for two years for his role in paying kickbacks to Iraq's former dictatorship under the discredited UN oil-for-food program. According to the Sydney Morning Herald, the breaches related to […]

AWB CFO Admits to Iraq Payments

The former CFO of Australia's AWB has admitted to authorising payments to Saddam Hussein's Iraqi government. According to a report in the Herald Sun, Paul John Ingleby, aged 60, admitted he failed to "join the dots" and question payments disguised as inland transport fees before approving the transactions which ultimately went to Hussein's regime. The […]

Ex-AWB boss Admits to Iraq Bribe Breaches

After almost 10 years, the former chief executive of Australia's AWB Ltd has admitted to four breaches of the law relating bribes paid to Saddam Hussein's government between 2001 and 2005 to secure wheat sales. According to the report in The Australian, Andrew Lindberg's four admissions relate to his having failed to tell the AWB […]

Iraq to Pay 1980s Wheat Debt over 17 Years

Payment for wheat exports to Iraq in the late 1980s will finally be distributed to growers in Australia, according to a report from Weekly Times Now. Grain growers will share in about $48m in repayment of debt owed by Iraq relating to three wheat pools run by the former Australian Wheat Board, and affecting 52,000 […]