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Thursday, 24 February 2011

Former Mabey & Johnson Execs Sentenced To Prison for Iraq Bribes - Corruption Currents - WSJ

El NACHO - 00:49
Iraq Flag Embroidered Patch Iraqi Iron-On National EmblemFormer Mabey & Johnson Execs Sentenced To Prison for Iraq Bribes - Corruption Currents - WSJ: "A U.K. judge on Wednesday sent two former executives of engineering firm Mabey & Johnson Ltd. to prison for making illegal payments to the Iraq government in violation of United Nations sanctions, the Serious Fraud Office said.

Charles Forsyth, 63, and David Mabey, 49 — the firm’s former managing director and sales director — were convicted earlier this month of inflating contract prices for steel bridges to conceal kickbacks to the Iraqi government under Saddam Hussein. A third defendant, former sales manager Richard Gledhill, 64, pleaded guilty to sanctions violations and provided evidence for the prosecution.

Judge Geoffrey Rivlin of the Southwark Crown Court sentenced Forsyth to 21 months imprisonment, disqualified him from acting as a company director for five years and ordered Forsyth to pay prosecution costs of £75,000, the SFO said in a statement.

Mabey received an eight-month sentence, was disqualified from acting as a company director for two years and was ordered to pay prosecution costs of £125,000. And Gledhill was given a suspended sentence, the SFO said."

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