Sun, Oct 30, 2005 - Page 11 News List

Firms fight oil-for-food charges

ON THE DEFENSIVE Corporations including French bank BNP Paribas and the German giant Siemens rushed to deny charges of US$1.8 billion in kickbacks

AFP , PARIS

A report "has a politicized accusatory bias with a one-sided and prejudiced interpretation," said Zarubezhneft, which also has extensive operations in Vietnam and other parts of the Middle East.

Zarubezhneft said members of the inquiry had set out to accuse Russian companies and could have used fake documents provided by foreign competitors in Iraq's oil market to incriminate the Russian company.

This story has been viewed 2525 times.
TOP top