GE pays $23m after Iraq probe
Jeremy Lemer in New York and Stephanie Kirchgaessner in Washington, Financial Times , 28 Jul 2010General Electric has agreed to pay $23.5m to settle allegations from US regulators that its subsidiaries bribed Iraqi officials to win contracts under the United Nations Oil for Food Programme between 2000 and 2003.
The settlement with the Securities and Exchange Commission is the second in as many years for GE. ... Read full article