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.
Conspiracy to falsify books and records, Conspiracy to commit wire fraud
Conspiracy to bribe foreign officials; bribery of foreign officials
According to a US Department of Justice Press Release, on September 30, 2009, AGCO Limited, the wholly owned UK subsidiary of AGCO Corp (US Corporation based in Georgia) was charged with one count of conspiracy to commit wire fraud and to violate the books and records provisions of the Foreign Corrupt Practices Act. As part of its Deferred Prosecution Agreement with the Department of Justice, AGCO Corp admitted that between 2000 and 2003, AGCO Ltd. with the assistance of a Jordanian agent, paid approximately $553,000to the former government of Iraq to secure three contracts under the purview of the UN Oil-for-Food Programme. The contract price was inflated from 13 to 21 percent and the additional funds were then used to pay kickback to the former Iraqi Ministry of Agriculture. (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.). The Department of Justice acknowledged the assistance of the Danish State Prosecutor's Office for Serious Economic Crime. (Source: Ibid.)
US Report to the Organisation for Economic Co-operation and Development, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions," Information as of May 31, 2011, AGCO Corporation Case Summary at 58-59, accessed at http://www.oecd.org/dataoecd/18/8/42103833.pdf. 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; US v. AGCO Limited, Case No. 1:09-cr-00249-RJL (D.D.C.), Information filed September 30, 2009, accessed at http://www.justice.gov/criminal/fraud/fcpa/cases/agco-corp/09-30-09agco-info.pdf
Please help us ensure that StAR Asset Recovery Watch is as accurate and comprehensive as possible by sending us updated information regarding the cases currently in StAR Asset Recovery Watch, as well as information about cases for future inclusion in the database.
To report any errors or updated case information, please contact firstname.lastname@example.org. Please include the name of your organization, the country in which you reside, and "StAR Asset Recovery Watch" in the subject line.