Saturday, November 16, 2019

Danish firms face Iraq Oil For Food corruption charges

Danish firms accused of paying kickbacks to Iraqi authorities under the UN monitored Oil For Food Programme have chosen different strategies to deal with the serious charges.

Thirteen firms face trial in Denmark as the chief prosecutor aims to confiscate profit from contracts involving bribes. They claim they “acted in good faith".

Meanwhile, the pharmaceutical company Novo Nordisk A/S has struck a deal with US authorities, opting to pay a fee to avoid trial.

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