Ex-Mabey Execs Found Guilty In Oil-For-Food Scheme

Law360, New York (February 10, 2011, 5:02 PM EST) -- A U.K. jury found two ex-directors of Mabey and Johnson Ltd. guilty Thursday of inflating a €4.2 million ($5.7 million) bridge contract under the United Nations' Oil-for-Food program and paying kickbacks to the Iraqi government.

A Southwark Crown Court jury found that Mabey's ex-managing director Charles Forsyth and ex-sales director David Mabey breached UN sanctions by making illegal payments worth €420,000 ($571,000) to Iraq in 2001 and 2002, according to the U.K.'s Serious Fraud Office.

Mabey sales manager Richard Gledhill, who negotiated the Iraqi contract, previously...
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