UN oil-for-food probe names 2,200 companies

By
October 28, 2005 03:05
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

In a scathing final report documenting massive corruption in the UN oil-for-food program, investigators accused more than 2,200 companies and prominent politicians of colluding with Saddam Hussein's regime to bilk the humanitarian operation of $1.8 billion (€1.48 billion). The 623-page document exposed the global scope of a scam that allegedly involved such name-brand companies as DaimlerChrysler and Siemens AG, as well as a former French UN ambassador, a firebrand British politician and the president of Italy's Lombardi region. It meticulously detailed how the $64 billion (€52.76 billion) program became a cash cow for Saddam and more than half the companies participating in oil-for-food - at the expense of Iraqis suffering under UN sanctions. It blamed shoddy UN management and the world's most powerful nations for allowing the corruption to go on for years. The investigators found that companies and individuals from 66 countries paid illegal kickbacks using a variety of methods, and those paying illegal oil surcharges came from, or were registered in, 40 countries.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

October 21, 2018
Belgian trade union boss: Israel kills Palestinian kids for their organs

By JTA