The corruption cases databases are a product of the staff of the International Bank for Reconstruction and Development / The World Bank. It is intended for general information purposes only. The findings, interpretations, and conclusions expressed in the Database do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Neither the World Bank Group nor its officers or employees shall be liable for any losses that may result directly or indirectly from the use of or reliance upon such information.
According to the US Department of Justice Press Release, on September 30, 2009, AGCO settled an ongoing investigation by the Danish State Prosecutor's Office for Serious Economic Crime: "The charges were based on two Oil-for-Food contracts executed by AGCO's Danish subsidiary, AGCO Denmark A/S. AGCO agreed to pay approximately $630,000 in disgorgement of profits in connection with those charges." (Source: US Department of Justice Press Release, "AGCO Corp. to Pay $1.6 Million in Connection with Payments to the Former Iraqi Government Under the U.N. Oil-For-Food Program," September 30, 2009.)
US Department of Justice Press Release, "AGCO Corp. to Pay $1.6 Million in Connection with Payments to the Former Iraqi Government Under the U.N. Oil-For-Food Program," September 30, 2009, accessed at http://www.justice.gov/opa/pr/2009/September/09-crm-1056.html
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