.Lefteris.
22nd December 2008, 17:14
WASHINGTON (AFP) — Italian auto giant Fiat has agreed to pay 17.8 million dollars in penalties for giving illegal kickbacks to the previous Iraqi government under the UN oil-for-food scandal, US officials said Monday.
Fiat agreed to pay the civil and criminal penalties after reaching settlements with US authorities, the Justice Department said.
It would pay seven million dollars in fines as part of a "deferred prosecution agreement" with the department, and 3.6 million dollars in civil penalties and 7.2 million dollars in "disgorgement" of profits following a settlement with the US Securities and Exchange Commission.
more... (http://www.google.com/hostednews/afp/article/ALeqM5jzegMPCEROvVwMHSne91cjLTHMMg)
Fiat agreed to pay the civil and criminal penalties after reaching settlements with US authorities, the Justice Department said.
It would pay seven million dollars in fines as part of a "deferred prosecution agreement" with the department, and 3.6 million dollars in civil penalties and 7.2 million dollars in "disgorgement" of profits following a settlement with the US Securities and Exchange Commission.
more... (http://www.google.com/hostednews/afp/article/ALeqM5jzegMPCEROvVwMHSne91cjLTHMMg)