Summary Box: Ex-Volvo execs convicted of bribes

AP News
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Posted: Apr 04, 2012 12:28 PM
Summary Box: Ex-Volvo execs convicted of bribes

SADDAM SANCTIONS: Two former executives at AB Volvo's construction equipment unit have been convicted of violating U.N. sanctions during Saddam Hussein's regime. They were found guilty of offering kickbacks of $3.6 million through the U.N.'s oil-for-food program in Iraq.

THE SENTENCES: The court handed them suspended sentences and fines of $18,000 and $9,000, each. Their defense lawyers said they haven't decided whether to appeal.

NOT ALONE: The Volvo unit was among 2,200 companies listed in a U.N.-backed investigation as having colluded with Saddam's government.