Article
UK firm Octel bribed Iraqis to keep buying toxic fuel additive
The former chief executive of a British chemical company faces the prospect of extradition to the US after the firm admitted million-dollar bribes to officials to sell toxic fuel additives to Iraq…Octel [now Innospec]…exported tonnes of tetra ethyl lead (TEL), to Iraq. TEL is banned…because of links with brain damage to children…The company recently admitted that, in a deliberate policy to maximise profits…bribed officials in Iraq and Indonesia…to carry on using TEL, despite its health hazards…[T]he US department of justice…is conducting an expanding corruption investigation…The firm agreed to pay…corporate fines of $40m (£26.7m). It said the matter was a "deeply regrettable chapter of our history…"