Tuesday, July 11, 2006

Australian Role in US Inquiry

One finds an interesting piece in the Sydney Morning Herald (here) discussing the Austrialian government & AWB in their testimony before the US Senate in an investigation related to the United Nation's oil-for-food program. The title of this piece is "Government 'Lied to U.S. Senate.'"

AWB Limited, according to its website here "is

Australia

's leading agribusiness and one of the world's largest wheat marketing companies. It is also one of

Australia

's top 100 publicly listed companies."  The Board at AWB has issued a statement here, that in part reads:

"Regretfully, AWB’s reputation has been significantly damaged as a result of the Company’s participation in the United Nations Oil For Food Program and subsequent media coverage.

It is understandable that farmers, shareholders and customers have concerns and questions for the Company and we will respond as and when we can, but the Commission of Inquiry has not yet run its course."

(esp)

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