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Join Date: Mar 2004
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3 Indicted in U.N. Oil-For-Food Scandal

Some on this board have said; look the UN does not work, just look at the Iraq oil for food scandal.

Fine, nobody's perfect, don't throw out the baby with the bathwater I say.

Here is todays news:

http://story.news.yahoo.com/news?tmpl=story&cid=514&e=11&u=/ap/20050414/ap_on_re_us/oil_for_food_4
3 Indicted in U.N. Oil-For-Food Scandal
By LARRY NEUMEISTER, Associated Press Writer

NEW YORK - A Texas businessman, along with a Bulgarian and a British citizen, were indicted in a scheme to pay millions of dollars in kickbacks to Saddam Hussein's regime as part of the United Nations' scandal-ridden oil-for-food program, federal prosecutors said Thursday.

David B. Chalmers, the businessman, and Ludmil Dionissiev, a Bulgarian citizen and permanent U.S. resident, were arrested Thursday morning at their homes in Houston. U.S. Attorney David N. Kelley said he will seek the extradition from England of a third defendant, John Irving.

Well........Texas........Oil.....had to look this guy up.

From October 2004......................................


http://news.orb6.com/stories/latimests/20041018/usbuyersofhusseinsoilactedtoassistiraq.php
Quote:
Wyatt and a former business associate, David Chalmers, whose company was mentioned in the CIA report, were primarily interested in Iraq for business reasons, friends and analysts said. They bought Iraqi oil in a market that came to be characterized by shadowy middlemen and kickbacks, backroom deals and high-stakes showdowns.

Wyatt said through a spokesman last week that all his transactions in Iraq complied with applicable laws. Chalmers, Vincent and Khafaji did not respond to attempts to contact them or their companies.

None of the men has been accused of breaking the law by trading oil with Hussein, a process overseen by the U.N. between 1996 and 2003 as part of its oil-for-food program.

.........................
Wyatt, Khafaji and Vincent are the only Americans on the list of recipients, which was obtained from records kept by Iraq's State Oil Ministry and recovered by U.S. troops. Five U.S. companies were also named: Chevron-Texaco, Exxon Mobil, Wyatt's Coastal Corp., Vincent's Phoenix International, and Chalmers' Bay Oil.

There are nine investigations into various aspects of the scandal. They include a federal investigation in New York that has subpoenaed records from El Paso Corp., which acquired Wyatt's old company, Coastal Corp.; Chevron-Texaco and Exxon Mobil. All have said their oil purchases were legal.

Treasury officials recently announced that they were investigating the possibility that U.S.-based sanctions against trade in Iraq had been violated.


Where will this all lead? Anyone care to venture there?
Old 04-14-2005, 10:25 AM
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