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  • U.N.: 2,200 firm gave Iraq illicit funds ("Final" Oil-FoR-Food Report released)

    10/26/2005 9:18:12 PM PDT · by NormsRevenge · 48 replies · 2,706+ views
    ap on Yahoo ^ | 10/26/05 | Edith M. Lederer - ap
    UNITED NATIONS - More than 2,000 companies made about $1.8 billion in illicit payments to Saddam Hussein's government through extensive manipulation of the U.N. oil-for-food program in Iraq, according to key findings of a U.N.-backed investigation. The report — to be released in full Thursday by the committee probing claims of wrongdoing in the $64 billion program — indicates that about half the 4,500 companies doing business with Iraq paid illegal surcharges on oil purchases or kickbacks on contracts to supply humanitarian goods. The investigators reported that companies and individuals from 66 countries paid illegal kickbacks through a variety of...