The Magazine of Corporate Responsibility

Tag Archive for ‘Iraq’

GE to Pay $23.4 Million to Settle SEC Oil-for-Food Charges

The Securities and Exchange Commission charged that from 2000 to 2003 two GE subsidiaries — along with two other subsidiaries of public companies that have since been acquired by GE — participated in a $3.6 million kickback scheme with Iraqi government agencies to win contracts to supply medical equipment and water purification equipment.