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Monday, April 05, 2004

Oil-for-Fraud
OK, this isn't really breaking news at this point, but it is a decent summary and I wanted to put it up.

A mounting pile of evidence indicates that Saddam was able to continue his brutal regime, not in spite of the oil-for-food program, but because of it. [...]
[ClaudeHankes-Drielsma] estimates that the Oil for Food scam is likely to emerge as the largest financial scandal in history. [...]
Russians by far benefited the most — receiving more than 2.5 billion barrels. In all, 46 recipients are from Russia. The largest recipient was the Russian state itself, at 1.4 billion barrels. The French were the second-largest beneficiary of oil, at 165 million barrels, including 36 million barrels to Patrick Maugein, CEO of the oil firm SOCO International and a close political and financial supporter of President Jacques Chirac.


I continue to hate the French.

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