Tag Archives | oil for food

150 Foreign Companies Pursued over Oil-for-Food Program

Fadel Mohammed, legal adviser to Prime Minister Nouri al-Maliki, has said that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the UN's Oil-for-Food program. AKnews reports that the government is determined to bring these companies to justice, adding that there are several other companies under investigation. The Oil-for-Food […]

Total CEO Faces Trial over Oil-for-Food

A French magistrate has decided to send giant Frence oil company Total and its chief executive to trial on charges that the company engaged in corruption during the United Nations oil-for-food program in Saddam Hussein's Iraq, according to Reuters. The magistrate is sending the company to trial on charges of corruption and involvement in fraudulent […]

'Stolen' Iraqi Funds Could Exceed $18 Billion

Osama al-Nujaifi, the Iraqi parliament speaker, has told Al Jazeera that the amount of Iraqi money unaccounted for by the US is $18.7bn - three times more than the $6.6bn we reported last week. Al-Nujaifi is scheduled to visit the US soon and discuss the missing Iraqi billions. He said that he received a report […]

Iraq's Missing $6.6bn - Theft Not Ruled Out

The Los Angeles Times reports that theft has not been ruled out by auditors trying to trace $6.6 billion [7.9 trillion Iraqi dinars] of missing cash. A total of $12 billion in shrink-wrapped bricks of $100 bills was flown to Iraq in 2003 and 2004 to pay for public services, contractors, and general reconstruction. More […]

UK Businessman Jailed for Iraq Bribery

British businessman Mark Jessop has admitted breaking United Nations sanctions during the Oil For Food Programme by making illegal payments to Saddam Hussein's government.  He has been sentenced today at Southwark Crown Court to 24 weeks' imprisonment and ordered to pay compensation and costs. Background Mark Rodney Jessop, aged 53, sold medical goods to the […]

Britons Jailed for Iraq Bribery

Two former directors and a sales manager of engineering firm Mabey & Johnson Ltd have been sentenced today for providing kickbacks to the Iraqi government of Saddam Hussein. Charles Forsyth, David Mabey and Richard Gledhill inflated the contract price for the supply of steel bridges and disguised illegal payments that were channelled through Jordanian banks. […]

150 Foreign Companies Pursued over Oil-for-Food Program

A legal adviser to Prime Minister Nouri al-Maliki said on Sunday that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the Oil-for-Food program, according to an AKnews report. Fadel Mohammed told the agency that the government is determined to bring these companies to justice, adding that there are […]

Scania CEO to Face Questioning on Iraq Sanctions

The Chief Executive Officer of Sweden's Scania AB, Leif Oestling, will be called for questioning by a Swedish prosecutor over allegations that the truckmaker violated United Nations sanctions against Iraq, Dagens Industri reported, citing an interview with the prosecutor. Prosecutor Nils-Eric Schultz will ask Oestling whether his employees may have violated sanctions without his knowledge, […]

UN Ends Iraq's Saddam-Era Sanctions

The UN Security Council decided on Wednesday to lift several longstanding Chapter VII restrictions on Iraqi  trade and activity. In summary, the 15-nation Council passed three resolutions: Resolution  1956, which terminates the UN supervised arrangements for the  Development Fund for Iraq on June 30, 2011, which will allow Iraq to take full responsibility for its […]

Engineer to Pay $22m for Iraq Bribery

Scottish engineer Weir Group (LSE: WEIR) has agreed to plead guilty to two charges of breaching UN sanctions in connection with a number of UN sanctioned Oil for Food programme contracts awarded between 2000 and 2002. Following the guilty plea, the Company will be subject to a confiscation order in respect of its benefit from […]

Sweden's Scania Accused of Corruption in Iraq

Swedish truck maker Scania paid $5 million in kickbacks through the U.N.'s oil-for-food program in Iraq, possibly violating both U.S. and Swedish laws, an anti-corruption investigator said on Friday, according to a report from Associated Press. Swedish prosecutor Nils-Eric Schultz told the agency he is preparing to file charges in Sweden against several company officials […]