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Europe
Italian companies in oil for food bribes probe
2007-07-12
The Italian financial police searched nine companies in Milan yesterday for evidence of E5.5m (£3.7m) in bribes allegedly paid to Iraqi officials for humanitarian aid contracts, valued at about E50m, under the former regime of Iraqi dictator Saddam Hussein.

Five managers were added to the list of those under investigation in Italy for aggravated fraud and corrupting foreign officials in the oil for food scandal, according to police. Documents were removed from leading companies in pharmaceuticals, petrochemicals and water treatment.
Posted by:lotp

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