Danish supplier admits role in UN oil-for-food fraud Kate Heneroty at 1:38 PM ET
[JURIST] Grundfos [corporate website], a Danish company that produces industrial pumps, admitted Friday that two employees paid kickbacks to authorities in Saddam Hussein's government under the UN oil-for-food program [JURIST news archive]. An internal Grundfos investigation uncovered the bribes, which were made between 2001 and 2002 to secure two contracts, but the company declined to reveal the amount of the kickbacks. Grundfos' sales to the program between 1996 and 2003 totaled 100 million Danish crowns. Chief Executive Jens Joergen Madsen issued a statement apologizing for the fraud and stating "We have done everything to openly cooperate with the United Nations in New York to end the case in a satisfactory way." Reuters has more. The Copenhagen Post has local coverage.
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