Firms settle oil for food bribe case

Seven Dutch firms have reached an out of court settlement about claims that they broke the rules of the UN’s oil for food programme, the public prosecution department said in a statement on Tuesday.

The companies all paid bribes to win contracts in Iraq during the trade embargo. The kickbacks, equivalent to 10% of the contract value, went to the Iraqi regime.
In total, the companies paid €1.3m in, the department said. Former Akzo Nobel division Organon paid the biggest fine of €381,602.

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