Iraq Daily News – A U.S. federal appeals court on Thursday rejected Iraq‘s effort to sue dozens of companies for allegedly conspiring with the Saddam Hussein regime to subvert the United Nations’ oil-for-food program and deprive Iraqi citizens of humanitarian aid. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals said Iraq‘s government could not recoup […]
Cairo – Isra-Khalifa Iraq began the movements and wide to recover all money and property that escaped during the period of the previous regime. Has put the integrity of a new mechanism to recover these funds and assets, where the said Board member Dr. Khalid Al-Maamouri “morning”: that “there are large sums and large returns to Iraq, fled during […]
Download the Deputy Governor of Central Bank of Iraq on Alabreha Coalition Provisional Authority head Paul Bremer, the responsibility of the loss of 6.6 billion U.S. dollars after reports showed a precedent for the distribution of large sums of money in Iraq, an update from Iraqi oil sales, and the other surplus of the oil for food program after its occupation […]
Baghdad, (Rn) – The Iraqi government closed for the full file oil for food program with international companies. Iraq’s government announced last February it is pursuing more than 150 foreign companies accused of file-corruption framework of the oil-for-food The Legal Counsel said Fadel Mohammed Jawad, told the Kurdish news agency (Rn) that “Iraq ended the consequences of some of […]
The Central Bank of Iraq that calls for $ 400 million in Egypt, Iraq, wages for workers insist threaten the Paris Convention. The adviser said the Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) announced today that “The central bank is worried that the breach of the Paris Convention, which established a program […]
Every Iraqi citizen will get 15,000 Iraqi dinars. The Iraqi government’s decision to give every Iraqi citizen 15,000 Iraqi dinars–roughl $12.70 in cash–along with their monthly food rations includes Kurdistan Region, said Iraqi deputy Finance Minister Fazil Nabi, a Kurd. The decision by PM Nuri al-Maliki came in a meeting with his Cabinet last week. People have long complained about the […]
A legal adviser to Prime Minister Nouri al-Maliki said on Sunday that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the Oil-for-Food program. United Nations Fadel Mohammed told AKnews that the government is determined to bring these companies to justice, adding that there are a number of additional companies currently under investigation. The Oil-for-Food […]
A legal adviser to Prime Minister Nouri al-Maliki said on Sunday that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the Oil-for-Food program. United Nations
Fadel Mohammed told AKnews that the government is determined to bring these companies to justice, adding that there are a number of additional companies currently under investigation.
The Oil-for-Food Program was instituted to relieve the extended suffering of civilians as the result of the comprehensive sanctions on Iraq from the UN, following Iraq’s invasion of Kuwait in August 1990.
Over $65 billion worth of Iraqi oil was sold on the world market during the program. About $46 billion of these funds were intended to provide for the humanitarian needs of Iraqi people such as food and medicine in the context of international economic sanctions.
Throughout its existence, the program was dogged by accusations that some of its profits were unlawfully diverted to the government of Iraq and to UN officials. These accusations were made in many countries, including the US and Norway.
Contracts to sell Iraq humanitarian goods through the Oil-for-Food Program were allegedly given to companies and individuals based on their willingness to kick back a certain percentage of the contract profits to the Iraqi regime.
Companies that sold commodities via the Oil-for-Food Program were said to be overcharging by up to 10%, with part of the overcharged amount being diverted into private bank accounts for Saddam Hussein and other regime officials and the other part being kept by the supplier.
International aid organizations reported that in the course of the program, more than 500,000 Iraqi children died of malnutrition because of the mishandling of funds.
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