| ||AWB welcomes Federal Government inquiry |
AWB will cooperate fully with the independent inquiry into the United Nations Oil-for-Food program announced by the Australian Federal Government yesterday.
The Prime Minister has stated that the inquiry will investigate whether there was any breach of Australian law by the Australian companies named in the report by the Independent Inquiry Committee into the United Nations Oil-for-Food program (Volcker report).
AWB was one of three Australian companies named in the report.
It should be noted that the Volcker report did not find that AWB was knowingly involved in any scheme or arrangement to channel funds to the former Iraqi regime.
It is of concern to AWB that allegations are being made against the company and anticipates the inquiry to address them.
Due to the inquiry being set up the company is not in a position to comment further at this time.