fees paid by awb to dominate iraqi wheat market were a bribe, court told /

AWB paid $300m in trucking and after-sales fees,Victorian court hears, as former executives Trevor Flugge and Peter Geary face civil trial over breach of duty The huge sums of money AWB paid in trucking and other fees was a “bribe” that strengthened its grip on Iraq’s surging wheat market.The corporate watchdog says this was the only explanation for AWB’s rise to dominate the Iraqi wheat market at a time when Australian grain was not the cheapest available.
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Source: theguardian.com