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Former AWB Chairman stands trial for illegal trade with Suddam Huessein

Action relates to contracts during 2002 between AWB and the Iraqi Grain Board for the sale of wheat under the United Nations oil-for-food program

Trevor Flugge the former Chairman of AWB in Australia is about to stand trial for company payments of $126 million to Saddam Hussein's regime back in 2002, while the UN had sanctions against Iraq during that period.

The former Chairman and former group general manager trading Peter Geary for allegedly breaching their duties as officers is scheduled to start in the Supreme Court in Victoria in Australia.

The corporate regulator's action relates to contracts between AWB and the Iraqi Grain Board for the sale of wheat under the United Nations oil-for-food program.  The Australian Securities and Investments Commission launched the action in 2007 over contracts entered into between December 2001 and December 2002 which allegedly involved the payment of $126 million in breach of UN sanctions on trade with Iraq.

 

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