John Irving, a British oil trader was arrested yesterday on U.S. charges of paying bribes to Saddam Hussein as part of the U.N. oil-for-food program for Iraq.
Irving was detained in London, by the Metropolitan Police, on a U.S. extradition warrant. He appeared at the city's Westminster Magistrates Court and was released on bail until his next hearing on July 20.
Irving was one of three men charged in New York in 2005 with defrauding the United Nations of at least $100M, money that should have gone to humanitarian aid for Iraqis.
The other two men, Texas oil executive David Chalmers and Bulgarian oil trader Ludmil Dionissiev, have pleaded not guilty to the charges.
The extradition warrant accuses Irving of colluding with Chalmers and others to defraud the U.N., and pay "illegal and secret commissions and surcharges to officials of the government of Iraq" between January 2000 and March 2003.
Irving has previously denied any wrongdoing.