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Thread: 66 countries did it...

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    Lady Barronmore Arrianna has become well known Arrianna has become well known Arrianna has become well known Arrianna's Avatar
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    66 countries did it...

    Paid Saddam 1.8 billion in illegal kickbacks.

    Links:
    NDTV.com
    MOSNEWS.com
    Reuters UK

    Preferential treatment was given to companies from France, Russia and China, all permanent members of the Security Council, who were more favourable to lifting the 1990 sanctions compared to the United States and Britain.

    The oil sale surcharges, kickbacks and smuggling schemes provided Saddam with access to hard currency. Iraq was allowed to write its own contracts and choose the contractors.

    The largest single kickback came from the Malaysian firm Mastek, the report said.
    So, what do you think? Does this explain why the UN was impotent to do anything about Saddam or do you believe it to be a coincidence?

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    Re: 66 countries did it...

    Just wondering, what kind of preferential treatment was given to these companies??
    Is it like they get more oil for a cheaper price and such?? And also how do these kickbacks work??

    Regardless, on the surface it would seem very obvious that these countries would want to protect their interests and pocket.

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    Lady Barronmore Arrianna has become well known Arrianna has become well known Arrianna has become well known Arrianna's Avatar
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    Re: 66 countries did it...

    Good question. It doesn't say, unless it was being given oil contracts. Cheap oil is a big deal (as we all seem well aware of these days).

    Anyone?

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    Re: 66 countries did it...

    Well as i know Iraq was the leading producer of oil of the OPEC organization and maybe that's Iraq had those contratcs

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    Re: 66 countries did it...

    The deal was that these individuals/companies is that they would receive oil 'kickbacks' for favors to Sadam. Meaning they would be given certificates for barrels of oil that they then could sell on the open market for cash if they did favors for Sadam. Those favors usually were stuff Sadam wanted them to do that he could not legally do because of UN Sanctions.

    Basicly it comes down to Sadam paying people to do illegal things with Iraqi oil vouchers.

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    Re: 66 countries did it...

    Huhm. While a bit unexpected, I'm really not surprised by this. It would help to explain their brash attacks against our declaring war on Iraq.

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    Re: 66 countries did it...

    Quote Originally Posted by Arrianna
    So, what do you think? Does this explain why the UN was impotent to do anything about Saddam or do you believe it to be a coincidence?
    No, the UN is just impotent period.
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