Weir sorry over Saddam kickbacks

Men making machineryWeir admitted it had made irregular payments to an agent in Iraq
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Glasgow-based engineering business Weir Group has been ordered to pay almost £14m after admitting to breaching UN sanctions against Iraq in the 1990s.

At the High Court in Edinburgh, the firm admitted charges of paying kickbacks to Saddam Hussein’s government to secure business.

The court heard that Weir abused the oil-for-food programme.

The programme was set up in 1995 to allow Iraq to sell oil in exchange for food and medicine.

Prosecutors have argued the firm should also be fined for making the illegal payments to agents in France and Dubai.

The trial continues.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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