12.30.2007

Third drug company says it faces Iraq 'kickbacks' probe


LONDON (AFP) - A third pharmaceutical giant said Sunday it is being investigated by Britain's Serious Fraud Office (SFO) over alleged breaches of the United Nations oil-for-food programme in Saddam Hussein's Iraq.

Eli Lilly and Company Limited said it had been asked to hand over documents to the SFO, a day after British peer GlaxoSmithKline (GSK) and Anglo-Swedish firm AstraZeneca announced they had received similar requests.

An Eli Lilly spokeswoman said the company would comply with the demand which was made in mid-December.

"We are compiling these documents and they will be sent to the SFO in the new year," she said.

Eli Lilly and Company Limited is the British affiliate of United States-based Eli Lilly and Company, headquartered in Indianapolis.

The oil-for-food programme, which allowed Baghdad to sell oil in exchange for humanitarian items, ran from 1996 to 2003, the year in which US-led forces invaded Iraq.

http://news.yahoo.com/s/afp/20071230/hl_afp/britainswedenusiraqpharmacompanyfraudiraq

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