Dutch firms to pay fine for bribing Iraqi officials
Seven companies have agreed to pay a fine of EUR 1.3 million for bribing the Iraqi government to secure contacts under the Oil-for-Food programme.17 July 2008
THE NETHERLANDS - The Dutch public prosecutor says seven companies have agreed to a pay a fine of EUR 1.3 million for bribing the Iraqi government to secure contracts under the UN Oil-for-Food programme during the regime of Saddam Hussein.
A spokeswoman for the prosecutor says the companies' agreement to pay the fine implied an admission that they gave kickbacks to Iraqi officials amounting to 10 percent of the contracts they signed.
The United Nations initiated the case, and the Netherlands has been investigating it since 2006.
The prosecutor's office announced the settlement late Tuesday.
The case is unrelated to a current Iraqi suit against US companies for allegedly paying kickbacks in the Oil-for-Food programme.
[AP / Expatica]