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Chevron Latest To Settle Oil-For-Food Charges

Law360 (November 14, 2007, 12:00 AM EST) -- Chevron Corp. has agreed to pay $30 million to settle allegations that third parties under contract with the company made illegal kickbacks to the Iraqi government under the United Nations' scandal-plagued oil-for-food program.

Under a pair of agreements announced Wednesday, Chevron will pay $20 million to the U.S. Attorney's Office for the Southern District of New York, $5 million to the New York County District Attorney's Office, $2 million to the U.S. Treasury Department and $3 million to the U.S. Securities and Exchange Commission.

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