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WATCHING THE CONVENTIONS


Current DateTime: 06:07:29 07 Sep 2008
LinksList Documentid: 25590758
    • The Drill Bill 

        Finding an energy compromise, with Sen. Mary Landrieu, (D) Louisiana and CNBC's Larry Kudlow.

    • Year of the Woman! 

        Discussing what's behind the McCain bounce, with Scott Rasmussen, Rasmussen Reports and CNBC's Larry Kudlow.

    • Dynamic Duo 

        Discussing taxes and the presidential race, with Steve Moore, WSJ; Robert Reich, UC Berkeley; and CNBC's Larry Kudlow.

    • Focus on Jobs 

        Barack Obama using the jobs report as a political weapon against John McCain, with CNBC's John Harwood.

Conagra Says It's Not Being Investigated in Iraq Probe
By Reuters | 17 Oct 2007 | 02:18 PM ET
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Conagra Foods on Wednesday said it is not the target of a federal investigation into possible fraud and corruption in supplying the U.S. military in Iraq, denying information in a newspaper report.

The maker of Healthy Choice frozen dinners, Hebrew National hot dogs and Peter Pan peanut butter said it received a subpoena from the U.S. Department of Defense in January connected to its dealings with a Kuwaiti firm, Public Warehousing, that serves as the Army's primary food supplier.

Conagra said it is a witness in the investigation and has provided relevant records and testimony to government investigators.

The Wall Street Journal, citing sources, said companies including Conagra [CAG  Loading...      ()   ], Sara Lee [SLE  Loading...      ()   ], Perdue Farms and others were being investigated for possible fraud and corruption in supplying the U.S. military in Iraq.

The investigations by the Department of Justice and the Defense Department are examining whether companies charged excessively high prices to Public Warehousing, the paper said.

It said Public Warehousing, which receives more than $1 billion a year to feed troops, denied wrongdoing.

It said Sara Lee acknowledged having received subpoenas from the Department of Defense and said it was "cooperating  fully." A Conagra representative told the paper that the company isn't a target of the investigation, but acknowledged receiving a subpoena.

The paper said a Perdue spokesman said the company hasn't received any subpoenas.

- Wire services contributed to this report.

Copyright 2008 Reuters. Click for restrictions.

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