Basic Search  |  Summaries  |  Advanced SearchCompany Nation/Region: Scotland
Penalty: £16,900,000
Year: 2010
Date: 15 December, 2010
Offence Group: competition-related offences
Offence Type: bribery
Violation Description: Weir Group Plc was fined £3 million and made subject of a confiscation order for £13.9 million. The company pled guilty to paying ‘kickbacks' in return for contracts from Saddam Hussein's government. The court heard that the company paid more than £3m in kickbacks through a Swiss bank account between September 2001 and April 2004, in contravention of UN sanctions against Iraq.
Settlement Type: Guilty Plea
Agency: Crown Office & Procurator Fiscal Service
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: industrial equipment
Specific Industry of Parent: mining equipment
Source of Data: (click here)