Tuesday, September 29, 2009

British firm fined for corruption


A British construction firm has been ordered to pay almost £5m after pleading guilty to overseas corruption and breaching UN sanctions.

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

It also paid money to Saddam Hussein's Iraq regime, violating the terms of the UN oil-for-food programme.

The Reading-based bridge builder said it "deeply regretted" such dealings and it had now "made a fresh start".

See full Article.