Monday, July 20, 2009

Firm admits overseas corruption


A British engineering company has admitted it was involved in overseas corruption and breaching UN sanctions.

Mabey & Johnson tried to influence officials in Jamaica and Ghana when bidding for public contracts.

It also paid more than $200,000 (£123,000) to Saddam Hussein's Iraq regime, violating the terms of the UN oil for food programme.

The Reading-based firm, which builds temporary bridges, said it regretted its past conduct.

See full Article.