Settlements

ST-18
AGCO Corporation
AGCO Corporation
Denmark
State Prosecutor for Serious Economic Crime
Iraq (UN Oil-for-Food)
2009
09/30
United States
Legal Person
Criminal
Unspecified
Criminal Confiscation
$630,000.00
$0
$630,000
$0
Art.16, Art.26
Art. 1, Art. 2
Unspecified
Unspecified
Yes
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.)