Weir fined £3m over Iraqi sanctions case

Weir, the Scottish engineering group which makes pumps and valves for the energy sector, has been fined £3m after pleading guilty to two charges of violating United Nations sanctions against Saddam Hussein's government in Iraq.

The penalty, which stems from breaches linked to the UN oil-for-food programme's contracts awarded between 2000 and 2002, was imposed at the High Court in Edinburgh and comes on top of a £14m confiscation order agreed between Weir and Scottish prosecutors.