AB Volvo fined for Iraq kickbacks

The Swedish lorry maker AB Volvo has agreed to pay millions of dollars in fines in connection with an inquiry into Iraq’s UN oil-for-food programme.

It will pay a $7m (£3.5m) fine to the US Department of Justice (DOJ) and $4m in civil fines to the Securities and Exchange Commission

Jail for scandal-hit Skandia boss

A former chief executive at the heart of Sweden’s biggest ever corporate scandal has been jailed for two years.

Lars-Eric Petersson was convicted of handing out 156m Swedish kronor ($21.5m; £11