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UN knew of Saddam's oil-for-food thefts: BBC
The United Nations knew that Iraqi president Saddam Hussein was stealing from the oil-for-food program - and, by extension, starving his own people - but did little to stop it, according to a special report by the BBC at the weekend. After a six-month investigation, the BBC said it had evidence that Saddam took billions from the oil-for-food program, and that "these abuses were widely known about at the time". The BBC said there was evidence that Saddam demanded a kickback from companies that wanted to do business with Iraq under the oil-for-food program. Australia sold wheat worth about $A1 billion to Iraq under the program but the Australian Wheat Board strongly denies wrongdoing. However, US congressman Chris Shays told the BBC that Saddam "didn't participate with you if he couldn't get kickbacks. He didn't buy commodities unless he got kickbacks so, if you agreed to participate, you agreed to do it on his terms. And we know what those terms were."

The Age reported last year that Australia sold wheat to Iraq at what appears to be an inflated price. The wheat board says it never gave a cut of its contracts to Saddam. It was forced to pay a Jordanian trucking company to move its wheat around Iraq. That trucking company was selected by Saddam. The BBC sent a reporter to Iraq and Jordan to track down people involved in the oil-for-food program, which has been described as the largest financial swindle in history. Virtually all said that Saddam took kickbacks from companies who sold goods to Iraq, and that the UN knew this. The businessmen - most of whom spoke on the condition of anonymity - said it was standard to pay commissions, that nobody complained, and that was the price of doing business with Iraq. A Jordanian banker said it was an open secret that contracts were inflated so Saddam could take 10 per cent. "We knew it was there," he said. "(But) actually, it's not our business, you know. Banks are (only) interested in their money, and to make money."
Posted by: Fred 2004-11-22
http://www.rantburg.com/poparticle.php?ID=49428