P.M. BRIEFING : Goodyear Pays Fine for Iraq Bribery
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WASHINGTON — Goodyear International Corp. paid a $250,000 fine today after pleading guilty to paying bribes to get tire business with the government of Iraq.
In U.S. District Court, the Akron, Ohio-based company, a subsidiary of Goodyear Tire & Rubber Co. admitted a single count of violating the anti-bribery provision of the Foreign Corrupt Practices Act of 1977.
From the fall of 1979 to the fall of 1983, Goodyear International obtained $19 million in Iraqi government orders for truck tires based on an agreement to pay nearly $1 million in bribes, according to documents released in court.
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