Indianapolis is My Home

02
Jan

Lilly Bribed Saddam Hussein’s Administration

Author: Jason Bean, Category: Business, Government, News

Lilly should be giving some “Answers That Matter.” to the British pretty soon. It appears they, along with some other major drug manufacturers are being investigated for bribing the administration of former Iraqi dictator Saddam Hussein.

The investigation focuses on contracts that companies won with Iraq as part of the Oil-for-Food program, which the United Nations launched in 1996 to soften the impact of economic sanctions placed on Iraq after its 1990 invasion of Kuwait.

The investigation began in February, following a 2005 finding by a U.S. probe that more than 2,200 companies paid nearly $1.8 billion in bribes to win Iraqi contracts, Bloomberg reported.

That just seems to weird to be true. I’ll say that I’m completely ignorant of how the Oil-for-Food program operated though. It seems to me that if 2,200 companies were doing it, there could be some confusion in the law and legal process. Yet, that flies in the face of what our grandmother’s told us by saying “just because everyone’s doing it doesn’t make it right”.

Full Story: Lilly to cooperate with British investigation