Tuesday 14 August 2012
Wheat board doing naughties
Former Australian Wheat Board boss Andrew Lindberg has been fined $100,000 for his role in the Iraqi oil for wheat program.
Mr Lindberg has admitted in the Victorian Supreme Court to breaching the Corporations Act, by not telling the United Nations or the AWB Board about bribes paid to the former government of Suddan Hussain.
After the sentencing, which also banned him from managing a company for a year, Mr Lindberg warned firms to be cautious when trading abroad.
"I think in any market but particularly overseas, when you deal with the Third World countries, I think you've got to be very careful and it's perhaps easier than you think to make mistakes."
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