14 Aug 2012

Former Wheat Board chief financial officer fined

9:45 am on 14 August 2012

The former chief financial officer of the Australian Wheat Board has been fined $A10,000 for his role in the Iraqi oil-for-food scandal.

Paul Ingleby admitted to breaching the Corporations Act between 2001 and 2004 over kickbacks paid to Saddam Hussein's regime by the board.

AWB paid $US230 to the Iraqi government in violation of UN sanctions.

The ABC reports Ingleby was also banned from managing a company till the end of the year.

Former managing director Andrew Lindberg was fined $A100,000 on Thursday for his role in the scanadal.