The UK's Serious Fraud Office is investigating two British Big Pharma companies over allegations that they bribed former Iraqi dictator Saddam Hussein to win lucrative contracts.
The investigation, which could take years, is looking at possible breaches of the oil-for-food sanctions that were in place against the Middle Eastern country.
The SFO’s announcement was triggered by a damning UN report which listed more than 2,200 companies worldwide that may have been linked to bribery or “kickbacks” to Iraq.
British firms listed in the report by Paul Volcker, submitted two years ago, included GlaxoSmithKline and AstraZeneca, both of which strongly have denied the accusations.
More at The Daily Telegraph
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