Meat behemoth Tyson Foods paid out US$150,000 last September to settle federal government allegations that it has violated US trade embargoes against “rogue” nations.
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Tyson is named among 105 companies in documents released today [Wednesday] by the US Treasury Department’s Office of Foreign Assets Controls (OFAC), which show that companies, banks and other organisations have between them paid out millions of dollars in recent years to settle such charges. The OFAC has identified more than 100 settlements between March 1998 and March 2002.
The OFAC said that Tyson’s payment was in relation to allegations that it violated the US embargo on trade with Baghdad with a shipment of chicken parts to Iraq through a broker in Jordan.
Company spokesman, Ed Nicholson, told The Washington Post that the shipment was made by Hudson Foods before its 1998 acquisition by Tyson: “When we purchased Hudson we acquired all the assets and liabilities, this being a liability. We weren’t aware this activity occurred until after the purchase.”
Meanwhile, Swedish Furniture maker IKEA International was also named as paying US$8,000 in May to settle OFAC allegations that it purchased 150 hand-woven rugs from the Afghanistan’s former Taliban government.
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By GlobalData
