Over 2,000 firms paid Saddam kickbacks, bribes

#1
http://today.reuters.com/news/newsA...015Z_01_SPI715007_RTRUKOC_0_US-IRAQ-PROBE.xml

UNITED NATIONS (Reuters) - Some 2,200 companies, including major concerns like DaimlerChrysler, Siemens and Volvo, made illicit payments totaling $1.8 billion to Saddam Hussein's government under the U.N. oil-for food program, a report said on Thursday.

The U.N.-established Independent Inquiry Committee, led by former U.S. Federal Reserve Chairman Paul Volcker, also named politicians in Russia, France, Britain, Italy and elsewhere who were given favors by Saddam in his quest to get U.N. sanctions lifted.

More than half of the 4,000 companies that bought oil or supplied humanitarian goods under the plan were implicated. Only one oil company and 26 suppliers of goods admitted doing so.

The program, which began in December 1996 and ended in 2003, was aimed at easing the impact of U.N. sanctions imposed in 1990 after Baghdad's troops invaded Kuwait. It allowed Iraq to sell oil to pay for food, medicine and other goods.

"It was the mother of all humanitarian programs," Volcker told a news conference.

The companies involved came from 66 nations, including large corporations in the United States, Russia, France, Germany and Switzerland. Russia, then an ally of Iraq, led the list of both legitimate and illegitimate oil contracts, getting $19.3 billion from Iraq, some 30 percent of all oil sales
 
#2
Interesting and informative post PTP.

Shame you only quoted one of the most revealing sentences....

Reuters said:
The companies involved came from 66 nations, including large corporations in the United States, Russia, France, Germany and Switzerland. Russia, then an ally of Iraq, led the list of both legitimate and illegitimate oil contracts, getting $19.3 billion from Iraq, some 30 percent of all oil sales
i.e. Although the Russians, French and Germans all had their grubby mitts in this sordid affair - for which they are constantly accused of by the septic side of the pond - they trail said country in the 'order of merit'!!!!!

Reuters said:
But Volcker said this [the money Saddam skimmed from the OFFP] was far less than the nearly $11 billion Saddam made in smuggled oil sales outside of the program, often with the knowledge of the U.N. Security Council, which was supposed to supervise the operation.
So, once again, those who throw stones from glass houses should beware....
 

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