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  • Iraq oil-for-food kickbacks 'higher than suspected'

    05/02/2004 9:49:45 AM PDT · by TaxPayer2000 · 15 replies · 97+ views
    telegraph.co.uk ^ | 02/05/2004 | Philip Sherwell
    Kickbacks paid to Saddam Hussein's regime on contracts signed under the United Nations' oil-for-food programme were far higher than the 10 per cent rake-off previously assumed to be the norm. In one of the many deals funded by UN-supervised oil exports from Iraq, a delivery of cameras and audiovisual equipment for the culture ministry - sent as "humanitarian" items, under a loophole - was valued at 100 per cent above its true cost. According to new documents recovered in Baghdad, multi-million pound deals with the public works ministry for sanitation and water filtration equipment were often marked up by as...