Pound(S)14m Penalty for Weir Group Over Bribes for Iraqi Contracts
The Herald › December 14, 2010
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Summary
SCOTLAND's biggest engin-eering company will pay a pound(s)14 million penalty for bribing Saddam Hussein's henchmen in order to win lucrative contracts.
Weir Group yesterday admitted legal responsibility for giving kickbacks that broke sanctions imposed on Iraq by the United Nations before the 2003 war.See the full content of this document
Extract
Pound(S)14m Penalty for Weir Group Over Bribes for Iraqi Contracts
At the High Court in Edinburgh today, the Glasgow-based giant will plead guilty to two charges of sanction busting between 2000 to 2002.
It announced yesterday that it had set aside pound(s)13.9m to pay ...See the full content of this document
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