Monday, June 30, 2008
Iraq Sues Over Oil-For-Food...And There's an Obama Connection
The wheels of justice turn slowly, but they turn, Bubba.
Today the Iraqi Justice Ministry announced that they have filed suit in U.S. District Court in Manhattan against dozens of companies and individuals accused of profiting from illegal kickbacks to the Saddam Hussein regime during the UN's multi-billion dollar Oil-For-Food scandal.
For those of you who've forgotten, the U.N. oil-for-food program, which ran from 1996to 2003, was originally created to help Iraq sell oil in order to buy humanitarian goods like food and medicine for the Iraqi people during the U.N. sanctions after Iraq invaded Kuwait in 1990. Instead, it turned into one of the largest and most egregious scandals in history, with corrupt UN diplomats skimming off millions in 'commissions' and sweetheart deals in exchange for laundering money and allowing the Saddam regime to spend it on whatever it liked, instead of the welfare of the Iraqi people.
In addition, numerous companies paid outright bribes not only to middle men for 'access' but directly to the Saddam regime.
You may also recall the histrionics by the Angry Left at the time, blaming the Bush Administration for sanctions that supposedly murdered Iraqi children.
Children did in fact suffer and even die - but because of the Saddam regime and its willing accomplices in the UN and the corporate world.
The civil lawsuit the Iraqi government filed is seeking to recover damages from companies investigated by a the U.N.-sponsored Volcker Commission, claiming they cheated the Iraqi people out of the benefits of the $67 billion "all of which were directly translatable into food, medicine and other humanitarian goods that were supposed to reach the Iraqi people."
The list includes oil companies Vitol SA, Chevron, BNP Paribas, drug makers Eli Lilly & Co, GlaxoSmithKline and Roche,as well as a number of individuals like Oscar S. Wyatt Jr., former chairman of Coastal Corp., and David B. Chalmers Jr., the sole shareholder of Houston oil company Bayoil (USA) Inc.
Two other people who directly profited from the Oil-For-Food scandal and who's names will undoubtedly come out as this progresses are Obama's Arab backers Antoin Rezco and billionaire Nadhni Auchi, who were both in it up to their necks.
Auchi, who's barred from the US as an undesirable alien is now a citizen of the UK, and made most of his money as a fixer and conduit between Saddam Hussein and companies interested in flouting the sanctions and doing business with the regime.
Among his other accomplishments was allegedly using a bank he owned in Luxembourg to launder oil for food money for Saddam.
Auchi and Rezco are particularly tight and Obama appeared at a party given for Auchi by Rezco at Rezco's mansion in 2004, when Obama first achieved national prominence after his speech at the Democrat convention.Apparently Rezco induced Auchi to put substantial money into Chicago property investments, something that would have required the assistance of a well-connected Chicago pol like Obama.
It's also a matter of record that Auchi lent millions of dollars to Barack Obama's fundraiser via Rezco just weeks before that complex series of transactions between Rezko and Barack Hussein Obama involving the 2005 purchase of Obama's Chicago mansion and Rezko's wife's purchase of an adjoining landlocked parcel from the same owner on the same day.
I have a feeling Mr. Hope N' change is hoping the wheels of justice move along pretty slowly on this one. Some embarrassing questions could be raised.