Agco To Pay $20M To Quell Iraq Kickback Claims

By Ben James (September 30, 2009, 5:12 PM EDT) -- Agricultural equipment maker Agco Corp. has agreed to pay $18.3 million to resolve a U.S. Securities and Exchange Commission suit alleging that Agco subsidiaries shelled out almost $6 million in kickbacks to win supply contracts for farm machinery and spare parts to Iraq under the United Nations' Oil-for-Food program....

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