Oil for Food comes to Reston

The Washington Times ^ | October 20, 2005 | Editor

[yoe]

The U.N. oil-for-food program's many threads continue to unravel, and the latest leads to the Washington area. Yesterday, New York prosecutors announced that Reston-based Midway Trading, an oil-trading company, told the New York State Supreme Court that it gave $440,000 to the Saddam Hussein's regime in connection with the U.N. oil-for-food program.

[snip]The number of American firms that did the same is unknown; next week's Volcker Committee report on private companies in the oil-for-food scandal will reveal at least some of them.

[.cnI redruM]

>>>>Now it emerges that the company paid the money in connection to $42 million worth of Iraqi crude it won rights to purchase from a Romanian company called Bulf Oil in late 2000 under the U.N. oil-for-food program and then falsely told the UN it paid no kickbacks. No doubt the money went straight to a Saddam relative or member of the inner circle.

Now that's what I'd call a Benedict Arnold Company.

[popdonnelly]

Oil-for-Food scams aren't scandals. Who cares if companies made crooked deals with a tyrant? Rove talking to Libby, now that's a scandal.