Fiat Subpoenaed As SEC Widens Oil-For-Food Probe

Law360, New York (February 22, 2006, 12:00 AM EST) -- Struggling to determine if any wrongdoing occurred on U.S. soil, the U.S. Securities and Exchange Commission is pressing onward with its own investigation into the scandal surrounding the United Nations’ Iraq Oil-for-Food program, issuing its latest subpoena to Italian auto giant, Fiat SpA.

Fiat’s subsidiary, CNH Global NV, disclosed the SEC’s request for information on Tuesday, though the company declined to provide any details.

The recent announcement comes only a day after Danish pharmaceutical company Novo Nordisk revealed that it had also been subpoenaed by the...
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