Thursday, October 27, 2005

UN's Final Report says mismanagement led to rapant corruption in Oil for Food program

A final report on the UN's Oil for Food scandal said that over 2200 companies and senior government officials benefited at the expense of Iraqi citizens. Russia and France were the main benefactors because they opposed the war but US companies profited as well. Sometimes they used Russian companies as middlemen. According to the report $1.8B was looted from the $64B program.
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