France oil company acquitted in Iraq oil-for-food scandal

[JURIST] A French court on Monday acquitted French oil company Total [corporate website], its CEO Christophe de Margerie [WSJ profile] and several other defendants on corruption charges in connection with a scandal involving the UN's Iraq Oil-for-Food program [official website; JURIST news archive]. The oil-for-food program allowed the Iraqi government of Saddam Hussein [JURIST news archive], which was under UN sanctions in the wake of the first Gulf War, to sell limited stocks of oil in return for foodstuffs and...

Source: http://jurist.org/paperchase/2013/07/france-oil-company-ceo-acquitted-in-iraq-oil-for-food-scandal.php

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