French Russian UN Oil Scam with Saddam Revealed


PDA






JoeSF
April 18, 2004, 04:08 PM
"Here's how the scam allegedly worked: Saddam sold oil to his friends and
allies around the world at deep discounts. The buyers resold the oil at huge
profits. Saddam then got kickbacks of 10 percent from both the oil traders
and the suppliers of humanitarian goods. Iraqi bean counters, fortunately,
kept meticulous records."

"Coincidence. If you wondered why the French were so hostile to America's
approach to Iraq and even opposed to ending the sanctions after the 1991
Gulf War, here's one possible explanation: French oil traders got 165
million barrels of Iraqi crude at cut-rate prices. The CEO of one French
company, SOCO International, got vouchers for 36 million barrels of Iraqi
oil. Was it just a coincidence that the man is a close political and
financial supporter of President Jacques Chirac? Or that a former minister
of the interior, Charles Pasqua, allegedly received 12 million barrels from
Baghdad? Or that a former French ambassador to the U.N., Jean-Bernard
Merimee, received an allocation of 11 million barrels? Perhaps it was just
happenstance, too, that a French bank with close ties to then French
President François Mitterrand and one of the bank's big shareholders who is
close to Saddam became the main conduit for the bulk of the $67 billion in
proceeds from the oil-for-food program. All told, 42 French companies and
individuals got a piece of this lucrative trade. No matter how cynical you
may be, it's sometimes just plain hard to keep up with the French."

"But they're not alone. Russians received more than 2.5 billion barrels of
the cut-rate crude. Some 1.4 billion barrels went to the Russian state. Not
to be left out of the feeding frenzy, even the U.N. got in on the action. It
received administrative fees of about $2 billion for the program, which may
be fair, but the senior U.N. official in charge of the program, Benon Sevan,
is reported to have received 11.5 million barrels himself. Cotecna, a
Swiss-based firm hired by the U.N. to monitor the import of the food and
medicine to Iraq, hired Kojo Annan, the son of U.N. Secretary General Kofi
Annan, as a consultant during the period when the company was assembling and
submitting bids for the oil-for-food program."

Read the whole thing.

http://www.usnews.com/usnews/issue/040426/opinion/26edit.htm

If you enjoyed reading about "French Russian UN Oil Scam with Saddam Revealed" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!
El Tejon
April 19, 2004, 09:00 AM
You mean the Euros opposition to the war was all about the money?:uhoh: :eek:

Of course, you read that here on THR long before the War of Continuation in Iraq.:D

THR on the cutting edge of world events and bear/puma control.

rich2u
April 19, 2004, 10:15 AM
No no no no no. This is all wrong! Everyone knows Bush went into Iraq for the oil, he's gotta pay off his buddys somehow. Oh wait sorry thats Chirac:cuss: :fire:

BigG
April 19, 2004, 10:18 AM
So much for the self righteous French. :uhoh: :barf:

Baba Louie
April 21, 2004, 10:46 AM
More dog and pony show coming up. UN Resolution to investigate scheduled today 4-21. Heard on news, things like "tip of the iceberg", Kofi and family... seems like the whole world was in on it. Question is, did Iraq get the food and distribute it to those who needed it? Politicians are always after easy money, but did they actually deliver food for their oil vouchers?

http://www.foxnews.com/story/0,2933,117723,00.html

The corruption claims — a major embarrassment for the United Nations — surfaced last January in the Iraqi newspaper Al-Mada, which published a list of about 270 former government officials, activists and journalists from more than 46 countries suspected of profiting from Iraqi oil sales under the U.N. program.
The U.S. General Accounting Office (search), Congress' investigative arm, estimated last month that the Iraqi government pocketed $5.7 billion smuggling oil to its neighbors and $4.4 billion extracting illicit surcharges and kickbacks on otherwise legitimate contracts.

Lennyjoe
April 21, 2004, 11:02 AM
I'm not at all suprised.

rich2u
April 21, 2004, 11:12 AM
Its been reported that much of the supplys that were purchased were unusable. The food was spoiled , medicines way out of date etc.

Yep good old UN:cuss: they represent the future of the globe:banghead:

longrifleman
April 21, 2004, 11:14 AM
Why did you expect anything different? The UN has been corrupt from day one. Some of their smaller agencies do some good but mostly they are a blight wherever they go.

Kickbacks are business as usual in that part of the world (maybe everywhere). Saddam wanted his people to suffer under the embargo to keep up hatred for the west. If he cared about his people he wouldn't have been a dictator. Duh

All parties to this abomination, except the common people, were making out like bandits, so why would they want a resolution to the embargo and a true peace treaty. (bad pun intended)

PATH
April 21, 2004, 11:16 AM
More proof that the French and the UN are not so upstanding as they would like folks to think!

Leatherneck
April 21, 2004, 11:17 AM
Did the Ketchup King get any of it? Seems like everybody else was pigging out...:D

TC
TFL Survivor

Baba Louie
April 21, 2004, 11:36 AM
If the Iraqi's can smuggle oil right under the noses of UN inspectors, who's to say they couldn't smuggle WM... no, don't go there Baba. THERE NEVER WERE ANY of those. UN Inspectors told us so.
I know that GWB must be upset because Halliburton and the Greater Texas Oil Cartel (wasn't that from the TV show Dallas?) didn't get their fair share, so he laid plans down in front of Prince Bandar before he told Powell, Donnie told the Prince "you can take it to the bank" and... (singing voice) that's what it's all about. you put yer right foot in...

They ALL suck! (Politico types) Some just suck less than others. Even here in Las Vegas the local County/City Commissioners are being taken down by the FBI over outright votes for money, Mayor Goodman is under State Ethics investigation, we have State Supreme Court Justices who rule constitutional things ain't constitutional (supermajority vote on taxes)... shaking head... Jim March's expose on Diebold...

Remember Bill Cosby's old Noah and the Ark routine? "NOAH, HOW LONG CAN YOU TREAD WATER?" Sounds like it's about time to flush the worldtoilet once again.

I apologize for my cynicism showing thru just a little this morning. I need to go bust some clay pigeons. :D
Always cheers me up. Even when I miss.

JohnBT
April 21, 2004, 11:46 AM
I'm shocked. ;)

JT

TaurusCIA
April 21, 2004, 02:50 PM
Its been reported that much of the supplies that were purchased were unusable. The food was spoiled , medicines way out of date etc.

That's impossible. The U.N. Secretary General's son "Kojo Annan" was a consultant with the company that monitored the food. He would not have let that happen. :eek:

Sorry...you must be wrong. ;)

If you enjoyed reading about "French Russian UN Oil Scam with Saddam Revealed" here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!