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Keyword: abualabbas

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  • ABC Scoop on UN Scandal: "Monumental Rip-Off?"

    04/21/2004 2:13:12 AM PDT · by The Raven · 110 replies · 1,300+ views
    ABC ^ | Apr 21, 2004 | Brian Ross
    April 20 — At least three senior United Nations officials are suspected of taking multi-million dollar bribes from the Saddam Hussein regime, U.S. and European intelligence sources tell ABCNEWS. One year after his fall, U.S. officials say they have evidence, some in cash, that Saddam diverted to his personal bank accounts approximately $5 billion from the United Nations Oil-for-Food program. In what has been described as the largest humanitarian aid effort ever undertaken, the U.N. Oil-for-Food program began in 1996 to help Iraqis who were suffering under sanctions imposed following the first Gulf War. The program allowed Iraq to sell...
  • Saddam's Oil Vouchers Revisited

    10/26/2004 11:23:19 AM PDT · by knighthawk · 4 replies · 262+ views
    Middle East Media Research Institute (MEMRI) ^ | October 26 2004 | Dr. Nimrod Raphaeli
    Introduction The Iraqi daily Al-Mada ("Horizon") was the first newspaper to publish a list of 270 individuals and organizations that benefited from oil vouchers granted to them by the regime of Saddam Hussein.(1) The intention of the grant was either to allow the recipients to sell the vouchers to intermediaries for a quick profit or to buy the oil themselves at discounted prices. It was assumed that the vouchers would permit their ultimate bearer to purchase Iraqi oil at a sufficiently discounted price as to leave a margin of profit to the voucher beneficiary, the intermediary, the oil company which...