|[Published: Saturday July 11 2009]
Firm admits overseas corruption
London, 11 July-(ANA)-A British engineering company has admitted it was involved in overseas corruption and breaching UN sanctions.
Mabey & Johnson tried to influence officials in Jamaica and Ghana when bidding for public contracts.
It also paid more than $200,000 (£123,000) to Saddam Hussein's Iraq regime, violating the terms of the UN oil for food programme.
The Reading-based firm, which builds temporary bridges, said it regretted its past conduct.
Mabey & Johnson pleaded guilty to ten charges of corruption and sanctions violation at Westminster Magistrates Court.
The case was brought by the UK's Serious Fraud Office.
The successful prosecution is the first of its kind against a British company operating overseas.
Five of Mabey & Johnson's eight directors have resigned since the allegations came to light.
The company is likely to face a substantial cash fine when it returns to court for sentencing.(ANA)
FA/ANA/11 July 2009---