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Barrett808 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-02-07 01:33 PM
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Siemens probed over Iraq food-for-oil programme
Edited on Tue Jan-02-07 01:55 PM by Barrett808
BERLIN (AFP) - German industrial group Siemens is being investigated on suspicion of corruption in the oil-for-food programme in Iraq, a report claimed.

The Financial Times Deutschland paper, which released an advance extract of its Wednesday edition, quoted a spokesman for the state prosecutor in Nuremberg as saying: "The prosecutor is investigating whether Siemens contravened the law on foreign trade."

The spokesman said the allegations against Siemens concerned mainly its energy and medical equipment operations and involved a six-figure sum, meaning at least 100,000 euros (133,000 dollars).

The money was allegedly paid as a bribe to Saddam Hussein's regime to secure contracts as part of the UN-supervised food-for-oil programme which ran from late-1996 to 2003.

(more)

http://news.yahoo.com/s/afp/20070102/wl_mideast_afp/germanyiraqenergyoil



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