Weir Group is awarded 38 contracts by Saddam Hussein’s Iraqi government related to the supply of pump equipment and spare parts for clean water supply and oil field water injection and pipelines. July 2004
Weir admits an internal investigation has discovered financial irregularities in its work for the UN’s Oil for Food programme. The company initially denied any wrongdoing. July 2004
Weir commissions an external investigation of all contracts undertaken under the oil-for-food programme. The external investigation is undertaken by City law firm Herbert Smith. October 2004
Weir disciplines staff following the findings of both its internal and external investigations into kick-backs to Iraqi government officials but refuses to say whether any staff have been sacked. October 2005
An independent inquiry finds over 2,000 firms involved in the oil-for-food programme made illicit payments to the Iraqi government for contracts.
Weir announces it will plead guilty to two counts of breaching UN sanctions in the Scottish High Court.