Iraqi Oil for Food Scandal
Over the next year, the evidence is going to really start piling up implicating the UN, France, Germany, and others in this outrageous scandal.
Basically, UN, French, German, and Russian officials were taking bribes from Saddam Hussein via money bilked from the Oil for Food program.
Here is one of the latest findings:
http://www.telegraph.co.uk/news/main...portaltop.html
UN inspector 'took £60,000 Iraq bribes
Quote:
An inquiry by officials in the State Oil Marketing Organisation - a body which, under Saddam, was a key player in schemes that allegedly diverted billions in oil revenues from the UN-run programme - accused an inspector contracted through the Dutch company Saybolt of falsifying documents in return for bribes, the Wall Street Journal reported.
Saybolt was one of two Western companies hired by the UN to provide inspectors to help monitor the oil-for-food programme. A second company, Cotecna Inspection Services of Switzerland, has come under fire from Congressional Republicans, after it emerged that it employed Kojo Annan, the son of the UN secretary-general, as a consultant, after being awarded an oil-for-food contract. A UN review of Mr Annan's employment found no conflict of interest. [note: the UN found no conflict of interest. LOL. Yeah, right after they get awarded a multi-billion dollar contract from the UN, Kofi Annan gets a "consulting" job with them.]
Senior executives from Cotecna and Saybolt were yesterday summoned before the United States Congress to help to explain how Saddam managed to divert money from the oil-for-food programme. The witnesses also included a senior manager from BNP Paribas, the French bank that controlled the escrow accounts into which oil revenues were paid.
...
US congressional investigators at the Government Accountability Office (GAO) have estimated that Saddam diverted at least $10 billion, or £5.6 billion, from the oil-for-food programme. It has been alleged that political figures around the world were invited to profit from the illicit oil trading.
The GAO found that the UN-administered scheme failed to prevent Saddam siphoning off money by demanding illegal "commissions" from oil buyers, and demanding a flat 10 per cent "kickback" on the value of all humanitarian imports. Under that system, a company selling Iraq £10 million of baby milk powder, for example, only delivered £9 million worth, and sent the last million as cash.