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Iraq
Iraq to sue oil-for-food suspects
2008-06-30
The Iraqi government has said it will file lawsuits in US courts against firms and people suspected of illegally profiting from a UN programme.
Be still my beating heart ...
The UN oil-for-food programme allowed Saddam Hussein's government to sell oil in order to buy humanitarian supplies during UN sanctions from 1996-2003. An inquiry found that 2,200 firms paid $1.8bn in bribes to Iraqi officials.

Iraqi government spokesman Ali al-Dabbagh said in a statement that the legal action was to recover damages and hold those who benefited from the illegal activity 'accountable for their actions'. 'The oil-for-food programme was subject to huge financial scandals by companies and others [who] conspired with Saddam Hussein to embezzle large sums of money through kickbacks, inflated prices and the supply of shoddy goods,' he said.

A UN-commissioned inquiry headed by former US Federal Reserve Chairman Paul Volcker found that 2,200 companies in 66 countries had paid kickbacks to Iraqi officials to win supply contracts under the $60bn (£30bn) programme.
Though we peasants have never actually seen his report ...
The Iraqi statement did not name the firms or people the legal action will target nor when and in which courts the suits will be filed.
Posted by:lotp

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Posted by: tu3031   2008-06-30 13:59  

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Posted by: Steve White   2008-06-30 13:55  

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Posted by: mojo   2008-06-30 12:16  

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Posted by: Rambler in California   2008-06-30 11:06  

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Posted by: bigjim-ky   2008-06-30 08:44  

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Posted by: CrazyFool   2008-06-30 00:25  

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Posted by: Phil_B   2008-06-30 00:06  

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