Cos. Settle Dutch Probe Into Oil-For-Food For €1.3M

Law360, New York (July 16, 2008, 12:00 AM EDT) -- Seven companies, including a unit of Schering-Plough Corp., have paid over €1.3 million ($2 million) to settle allegations that they bribed Saddam Hussein's government to win contracts under the United Nation's oil-for-food program, the Dutch Public Prosecution Service announced Tuesday.

The companies fined include four that manufacture equipment for oil storage and delivery — Flowserve Corp., Solvochem Holland BV, OPW Fluid Transfer Group and Prodetra BV — as well as potato producer Stet Holland BV, veterinary pharmaceuticals manufacturer Alfasan International BV and NV Organon, a Dutch...
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