Australia: AWB faces $1bn US lawsuit

A News item from Business Respect, Issue Number 99, dated 10 Jul 2006

Wheat farmers in the US are bringing a $1bn lawsuit against wheat exporter AWB following claims that the company had used corruption to win business. The suit alleges that AWB used bribery and other corrupt practices to sell grain to Iraq, Yemen, Pakistan and Indonesia - sales that would otherwise have gone to US or Canadian farmers.

The move follows the investigation into AWB initiated by the claims that the company bribed officials in Saddam Hussein's Iraqi regime in order to gain oil-for-food programme orders.

The company has denied the charges, and said it would strenuously defend itself against any action brought.

Send this article to a friend

Bookmark with:

 Del.icio.us |  Digg |  reddit |  Facebook |  StumbleUpon

Related stories

Australia: AWB admitted kickbacks to Saddam Hussein
- 18 May 2006
Australia: AWB Managing Director first to resign over Iraq kickbacks scandal
- 10 Feb 2006

Explore Business Respect news database