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Report Could Break Australia's Wheat Monopoly

Law360 (November 27, 2006, 12:00 AM EST) -- Australia’s wheat exporting monopoly abused its “great privilege” when it gave kickbacks to get an Iraqi aid deal with the United Nations, according to a long-awaited report.

The document gave ammunition to companies and bureaucrats trying to strip the company of its monopoly marketing power, a move that would open Australia’s wheat exporting industry to significant competition.

The so-called Cole Inquiry, spearheaded by Australian Commissioner and former judge Terence Cole, said the embattled Australian Wheat Board likely broke the law by bribing the Saddam Hussein regime...
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