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Article: AGCO Corp. to Pay $1.6 Million in Connection with Payments to the Former Iraqi Government under the U.N. Oil-For-Food Program.
- Article from:
- Biotech Week
- Article date:
- October 14, 2009
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AGCO Corp., a U.S. corporation based in Duluth, Ga., has agreed to pay a $1.6 million penalty for illegal kickbacks paid to the former government of Iraq, Assistant Attorney General of the Criminal Division Lanny A. Breuer announced (see also U.S. Department of Justice).
AGCO agreed to the payment as part of a deferred prosecution agreement with the Department of Justice. The matter is part of the Department's ongoing investigation into the United Nations (U.N.) Oil-for-Food Program.
A criminal information was filed today against AGCO's wholly owned U.K. subsidiary, AGCO Ltd., in U.S. District Court for the District of Columbia, charging AGCO Ltd. with ...