SYDNEY: The former chairman of an Australian wheat firm was fined Aus$50,000 ($37,500) Monday and banned from managing a corporation for five years over the payment of huge kickbacks to Saddam Hussein’s government in Iraq.
Trevor Flugge was found by the Victorian Supreme Court in December to have breached his duties as a director of the Australian Wheat Board (AWB), after corporate regulator the Australian Security and Investment Commission (ASIC) filed a civil case against him.
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