The war brings along series of crimes in all walks of life! British drug companies GlaxoSmithKline and Astra Zeneca have been ordered by the Serious fraud Office to hand over all the confidential files and correspondence details related to dealings in Iraq under UN oil-for-food programme. Several other British companies most importantly infrastructure firms have been ordered the same disclosure. British firms have been investigated in alleged corruption in there dealings during the final years of Saddam Hussein.
GlaxoSmithKline denies the allegation saying that the company does not believes that its employees or their agents in Iraq knowingly engaged in any wrong doing regarding oil for food programme. “In fact, GSK went to considerable lengths to cooperate with UK government authorities responsible for the UK administration of the programme, and to impose anti-corruption measures when dealing with intermediaries in Iraq.”Other firms AstraZeneca and Eli Lilly also confirmed the SFO’s demand for the documents and stated that they will corporate with the British government and SFO’s enquiry.
In a report by Paul Vauker more than 2,200 firms around the world are been alleged for bribery payments beneficial to the Iraqi regime. Report also accuses UN official over the scheme of involvement in corruption. Commenting on US Securities and Exchange Commission’s criminal investigations, SFO said that it is only monitoring the allegations its small specialist investigations unit was expected to play a supportive role in a US-led inquiry. Independent criminal enquiry out of London is only being carried out after SFO’s controversial negligence of investigating involvement of a contract between contract between the British arms manufacturer BAE Systems and Saudi Arabia.
SFO has gained funds of £22m to pursue oil-for-food allegations against British firms and ministers are hoping that this go some way to restoring Britain’s reputation for tackling UK-based companies involved in overseas corruption.
January 14, 2008
UK drug firms told to hand over files in Iraq investigation
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