Another European company that thought they could have an edge engaging in corrupt practices.
Onésimo Alvarez-Moro
See article:
The Swedish lorry maker AB Volvo has agreed to pay millions of dollars in fines in connection with an inquiry into Iraq's UN oil-for-food programme.
It will pay a $7m (£3.5m) fine to the US Department of Justice (DOJ) and $4m in civil fines to the Securities and Exchange Commission.
The firm will also pay $8.6m - the amount two of its subsidiaries had made in profits from the programme.
In return, the units will not face prosecution for at least three years.
See full Article.
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