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Volvo Execs Face Bribery Charges Over Oil-For-Food

Law360 (March 6, 2009, 12:00 AM EST) -- Three Volvo Group executives have reportedly been charged with bribery by a Swedish prosecutor for their alleged role in the United Nations Oil-for-Food scandal in Iraq.

Prosecutor Christer van der Kwast said the unnamed executives — who are employed in the Swedish automaker's Construction Equipment International AB unit — forked over “hundreds of thousands of euros” in exchange for contracts between 2000 and 2002, violating U.N. sanctions, the Associated Press reported Friday.

Van der Kwast, who said he would demand prison sentences, said the men allegedly...
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