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news.bbc.co.uk/1/hi/world/americas/4447165.stm
US Senate investigators have alleged that the Iraqi regime received some $4bn (£2.13bn) in illegal payments from oil companies involved in the programme.
The BBC’s Michael Voss in New York says this figure is dwarfed by the $14bn (£7.5bn) that allegedly came from “sanctions-busting” - illegally selling oil to neighbouring states such as Jordan and Turkey.
“The bulk of the money that Saddam [Hussein] made came out of smuggling outside the oil-for-food programme, and it was on the American and British watch,” Mr Annan said.
On Thursday a Texan, a Briton and a Bulgarian were indicted for bribery. Texan David Chalmers Jr, Bulgarian Ludmil Dionissiev and British oil trader John Irving are accused of paying bribes to Saddam Hussein’s regime.
Ooops!
US Senate investigators have alleged that the Iraqi regime received some $4bn (£2.13bn) in illegal payments from oil companies involved in the programme.
The BBC’s Michael Voss in New York says this figure is dwarfed by the $14bn (£7.5bn) that allegedly came from “sanctions-busting” - illegally selling oil to neighbouring states such as Jordan and Turkey.
“The bulk of the money that Saddam [Hussein] made came out of smuggling outside the oil-for-food programme, and it was on the American and British watch,” Mr Annan said.
On Thursday a Texan, a Briton and a Bulgarian were indicted for bribery. Texan David Chalmers Jr, Bulgarian Ludmil Dionissiev and British oil trader John Irving are accused of paying bribes to Saddam Hussein’s regime.
Ooops!