ATLANTA (AP) -- The Department of Justice has announced that a Duluth, Ga.-based farming equipment manufacturer has agreed to pay $1.6 million as part of a deferred prosecution agreement.
The agreement announced Wednesday is related to the agency's ongoing investigation into the United Nations' Oil-For-Food Program.
Federal prosecutors charged Agco with one count of conspiracy to commit wire fraud and to violate the books and records provisions of the Foreign Corrupt Practices Act.
The company acknowledged responsibility for improper payments made to the former government of Iraq to obtain contracts with that country's ministry of agriculture to sell agricultural equipment and parts.
The Department of Justice has agreed to defer prosecuting Agco for three years.
Copyright 2009 The AP.