The Hindu : National : No reason to believe fees paid were illegal: Tatas

Online edition of India's National Newspaper
Wednesday, Nov 09, 2005

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No reason to believe fees paid were illegal: Tatas

"All contracts were approved by Iraqi Government, U.N. Committee"

New Delhi: In the midst of the controversy over the Volcker report, the Tatas said on Tuesday that Tata International, one of its companies named in it, had no reason to believe that fees imposed by Iraqi authorities on goods supplied to them was "illegal or illicit."

Responding to queries, a Tata International spokesperson said the company had not received any communication from the U.N. or its committee in this regard.

He said all contracts were properly approved by the U.N. Committee monitoring the oil-for-food programme.

Stating that the company had supplied goods of various Tata companies under the programme, the spokesperson said all contracts were approved by the Iraqi Government as well as the U.N. Committee.

"In the year 2000, the Iraqi Authorities had imposed inland transportation fees and after sales services fees on all contracts. Tata International had no reason to believe there was anything illegal or illicit in such payments," the spokesperson said. — PTI

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