Financial Times FT.com

Volvo workers quit over oil-for-food

By Paivi Munter and Mark Turner

Published: January 17 2006 21:37 | Last updated: January 17 2006 21:37

Volvo Group, the Swedish truckmaker, said on Tuesday that a few executives involved in dealings criticised by the Volcker investigation into the oil-for-food scandal had left the company.

Marten Wikforss, a spokesman, said that several employees in the group’s construction equipment subsidiary had been disciplined for not raising questions about possible bribery by an agent helping it to secure deals with the former Iraqi regime between 2000 and 2001 under the United Nations’ programme.

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