Wednesday, December 06, 2006

Canberra punishes AWB over Iraq bribes


Losing its monopoly for just six months means makes this penalty is very weak.

There shouldn´t be too many out there willing to establish a network for the sale of Australian wheat, for a six month window.

A waste of time.

Onésimo Alvarez-Moro

See article:
John Howard, the Australian prime minister, on Tuesday dealt the first blow to the export monopoly of the Australian Wheat Board by temporarily removing its veto rights.

The move comes after a national inquiry which found AWB had paid A$290m in kickbacks to the former Iraqi regime of Saddam Hussein. Eleven former AWB executives are expected to face criminal charges for masterminding the bribery scheme and thereby misusing the UN oil-for-food programme. Mr Howard said: “It’s not tenable to leave the veto power with AWB.”

However, the prime minister’s decision on Tuesday appeared to be a compromise designed to avoid a dispute in the run-up to next year’s federal elections with the National Party, which is the junior partner in Mr Howard’s coalition government and has most of its voters in the countryside.

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