Yahoo News;
The US Democrats are planning another investigation into kickbacks paid by the Australian Wheat Board (AWB) to Saddam Hussein's former regime in Iraq.
The party seized a majority of seats in both the US Senate and House of Representatives at last week's mid-term congressional elections.
They claim the Republican Party went soft on the prior investigation as "pay-off" in exchange for Prime Minister John Howard sending Australian troops to Iraq, The Australian reports.
The Democrats officially take power in January and have vowed to launch their investigation into the corruption allegations that AWB paid $300 million to Saddam Hussein's regime to secure lucrative wheat exporting contracts to the beleaguered country, the newspaper has reported.
The new House agriculture chairman, Collin Peterson, from the wheat state of Minnesota, and the new Senate agriculture chairman, Tom Harkin, from Iowa, have promised to review the circumstances that led to the s c r a p ping (HCprofanity) of a 2004 probe into AWB by the US government.
"Keep in mind that AWB was the worst violator of the oil-for-food program, the worst," Senator Harkin was quoted as saying in the Congress Daily in Washington.
The previous Volcker investigation in the US named the company as the largest single supplier of illicit funds to Saddam's regime.
Australia's Cole inquiry into the kickback allegations has concluded and is due to hand down its report on November 24.
At least 16 current and former executives may face criminal charges.
-------------------------------------------------
This all took place under the noses of our current federal government who deny any knowledge. Liar liar pants on fire IMO Johnny and company deserve to burn.
Dave R.
- Forums
- ASX - By Stock
- AWB
- democrats to reopen corruption inquiry
democrats to reopen corruption inquiry
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AWB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BTH
BIGTINCAN HOLDINGS LIMITED
David Keane, Co-Founder & CEO
David Keane
Co-Founder & CEO
Previous Video
Next Video
SPONSORED BY The Market Online