Danish Pump Manufacturer Admits Oil-for-Food Bribes
The Associated Press and Reuters have reported that Grundfos, a Denmark manufacturer of industrial pumps, has stated that the results of an internal investigation has revealed that two of its employees paid bribes to Iraqi officials to win two orders under the United Nations administered Iraqi oil-for-food program (OFC). Following the investigation, Grundfos fired the employee and notified the Danish Foreign Ministry and the U.N.
According to the IIC's October 2004 report, Grundfos was ranked as 758th on the list of the largest OFP vendors.
The statement referenced in the articles is available only in Danish on the company's website at:
www.grundfos.com/web/homeDK.nsf/Webopslag/
AED06F0028746C07C1257062002DE81F.
|posted by Douglas N. Jacobson| Permalink 
