More on the UN-administered successful Oil-for Food Program:
Kickbacks paid to Saddam Hussein's regime on contracts signed under the United Nations' oil-for-food programme were far higher than the 10 per cent rake-off previously assumed to be the norm.
In one of the many deals funded by UN-supervised oil exports from Iraq, a delivery of cameras and audiovisual equipment for the culture ministry - sent as "humanitarian" items, under a loophole - was valued at 100 per cent above its true cost.
According to new documents recovered in Baghdad, multi-million pound deals with the public works ministry for sanitation and water filtration equipment were often marked up by as much as 30 per cent.
The discrepancy represents the kickbacks for leaders and regime officials who skimmed off billions of pounds from the scheme that was supposed to provide food, medicine and essential supplies for the Iraqi people.
Some went straight into the bank accounts of Saddam, his family and supporters, in addition to officials who negotiated the deals. The Iraqi dictator, however, is also alleged to have paid millions of pounds in cash and oil trading vouchers to foreign companies and individuals from the kickbacks.
And an extended list has been found detailing the persons involved and the transaction amounts:
UNITED NATIONS - An Iraqi official said today there was a list of cash bribes made by Saddam Hussein's government to journalists, politicians and groups in connection with the US$67 billion ($108.92 billion) UN-run oil-for-food programme.
Jalal Talabani, a Kurdish member of the Iraqi Governing Council, said Iraqi officials combing Saddam's files had not decided whether to release the list as part of a burgeoning scandal over the defunct programme.
"We have a list of cash paid to journalists, personalities, groups and parties," Talabani told a news conference after conferring with UN Secretary-General Kofi Annan over an Iraqi interim government.
A separate, previously released list contains the names of more than 250 individuals, business, politicians and other groups alleged to have received vouchers for oil they could sell.
Talabani said he hoped a UN-appointed independent inquiry, headed by Paul Volcker, the former head of the US Federal Reserve, would "let the chips fall where they may".
Volcker had better manage this inquiry better than Tom Kean has run the 9/11 Commission.
Sunday, May 02, 2004
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Posted by Scott at 10:35 AM
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