http://www.freerepublic.com/focus/f-news/1373433/posts
“One investor in all three regions, billionaire Nadhmi Auchi, is widely regarded as a corrupt supporter of Saddam Hussein’s regime who got his money from doing deals, especially illegal arms transfers for Saddam,” states the report.
Auchi is a central figure in the U.N. oil-for-food program where both U.S. Congress and a special U.N. investigation are looking into massive corruption and a missing $10 billion.
Auchi is no ordinary man but a member of Saddam Hussein’s inner circle. Auchi was tried alongside Saddam Hussein for his involvement in a conspiracy to assassinate an Iraqi prime minister in the 1950s. Auchi used money from military contracts in Iraq to establish close political, business and banking contacts in Britain and Luxembourg.
“His first business coup was to broker a deal to sell Italian frigates to the Iraqi defense ministry, for which he received millions of dollars in commission. The deal to buy the ships and other military equipment from the Italian naval shipyards, Catiri Navali Riunit, sparked an Italian parliamentary investigation into alleged bribes. Investigators discovered that a Panamanian company owned by Auchi, the Dowal Corporation, was used to funnel alleged illegal payments,” noted the May 2004 Defense Department report.
Auchi’s relationship with the British government is already under fire, with the billionaire having collected several prominent politicians as directors of his vast European empire of holdings.
Does Barack Obama Sing the Tiger Song?
How many have heard of Nadhmi Auchi? Why are we not hearing more about him? Nadhmi Auchi was born in 1937. He is an Iraqi born British-resident and Britain's 22nd wealthiest individual.
Nadhmi Auchi co-conspired with fellow Baathist Saddam Hussein in 1959 to assassinate then Prime Minister Abd al-Karim Qasim. Rezko and Obama are both financially connected to him.
MSNBC reports that Nadhmi Auchi had helped Orascom (which owns Djezzy GSM), owned by Onsi Sawiris, gain a contract to set-up mobile phone networks in post-Saddam's Iraq.
As per Orascom's annual report, page 65, Huawei Technologies is listed as a subsidiary of Orascom.
NATO code-named Huawei network's “Tiger Song”.
The Huawei network was used to shoot down allied aircraft flying patrol over the Iraqi skies.
The network was installed in violation of an U.N. embargo. Worse still, the air defense network was paid for by the corrupt oil-for-food program which sent cash to Huawei that was intended to feed starving Iraqi children.
So why would Barack Hussein Obama know anything about a "Tiger Song"? The Times Online UK reported in February 2008:
Excerpt:
Court papers describe Mr Rezko as a close friend of Mr Auchi, although Mr Auchi disputes this. The two are involved in a large Chicago land development together. But it is unclear how long the two men have known each other or whether they were linked before the 2003 Iraq war. Neither side would discuss their relationship.
The Times has, however, discovered state documents in Illinois recording that Fintrade Services, a Panamanian company, lent money to Mr Obama’s fundraiser in May 2005.
Fintrade’s directors include Ibtisam Auchi, the name of Mr Auchi’s wife.