Iraq is demanding a $ 10 billion in compensation for the manipulation of oil for food program
المحرر: NK | SA Editor: NK | SA
Tuesday 05 KB 2 2010 16:30 GMT
Alsumaria News / Baghdad
The Ministry of Finance of Iraq, said Tuesday that the Iraqi government has moved to prosecute the number of foreign companies for their involvement in issues of financial corruption within the oil-for food, which was implemented by the United Nations for the period 1996 - 2003, while foreign media sources indicated that the amount of compensation claimed by Baghdad up to ten billion dollars.
And Undersecretary of the Ministry of Finance Fadhil prophet, in an interview with "Alsumaria News", that "the Council of Ministers of the Iraqi government has moved recently to sue foreign companies because of its involvement of corruption with respect to the oil-for food and medicine."
The prophet that "the Council of Ministers is the subject of follow-up to prosecute the companies involved issues of corruption that has touched its program," without giving more details about the names of those companies and the courts made the claims.
The French newspaper Liberation reported here Tuesday that Iraq could prosecute foreign companies from different countries in a U.S. court and demand compensation worth ten billion dollars against the backdrop of embezzling funds from Iraqi oil sales contracts within the oil for food program which was implemented under the supervision of the United Nations for the period 1996 - 2003
The paper disclosed that one of the lawsuits will be filed in U.S. courts in New York, calls which 39 foreign companies and institutions from different countries damages the amount of ten billion dollars for violating the oil for food program.
Among the companies that reported their names on the paper issue, Renault and bank BNP Paribas of France, and Siemens, Fiat, and Clagso Smith Klein.
And must be according to the newspaper companies to respond to the accusations by Iraqi deadline of mid-January, current January, before the Court begins to hear cases.
The oil for food program, was introduced by the United Nations to help the Iraqis under the sanctions imposed on Saddam Hussein's regime after it invaded Kuwait in 1990.
The program provided for Iraq and for the period 1996 - 2003 to buy food and medicines in amounts estimated at 46 billion U.S. dollars were collected from the sale of a limited oil.
It has been uncovered in the 2004 scandal and foul in the program ended after one year to the Director of the program, Benon Sevan resigned from the United Nations.
And contributed to hundreds of companies from many countries, particularly France, Russia and China in the program, and demonstrated an independent investigation by the Commission led by the Federal Reserve chairman Paul Volcker, former U.S. of a manipulation of the program, on the different types such as invoices and selling adulterated oil company was given as gifts or for imported goods without the knowledge of the United Nations.
It is noteworthy that Iraq had raised after the war in 2003 and in several occasions the issue of oil coupons "lots of oil," awarded the former regime figures for Arab and international support for the announcement of Iraq's political positions.
المحرر: NK | SA Editor: NK | SA
Tuesday 05 KB 2 2010 16:30 GMT
Alsumaria News / Baghdad
The Ministry of Finance of Iraq, said Tuesday that the Iraqi government has moved to prosecute the number of foreign companies for their involvement in issues of financial corruption within the oil-for food, which was implemented by the United Nations for the period 1996 - 2003, while foreign media sources indicated that the amount of compensation claimed by Baghdad up to ten billion dollars.
And Undersecretary of the Ministry of Finance Fadhil prophet, in an interview with "Alsumaria News", that "the Council of Ministers of the Iraqi government has moved recently to sue foreign companies because of its involvement of corruption with respect to the oil-for food and medicine."
The prophet that "the Council of Ministers is the subject of follow-up to prosecute the companies involved issues of corruption that has touched its program," without giving more details about the names of those companies and the courts made the claims.
The French newspaper Liberation reported here Tuesday that Iraq could prosecute foreign companies from different countries in a U.S. court and demand compensation worth ten billion dollars against the backdrop of embezzling funds from Iraqi oil sales contracts within the oil for food program which was implemented under the supervision of the United Nations for the period 1996 - 2003
The paper disclosed that one of the lawsuits will be filed in U.S. courts in New York, calls which 39 foreign companies and institutions from different countries damages the amount of ten billion dollars for violating the oil for food program.
Among the companies that reported their names on the paper issue, Renault and bank BNP Paribas of France, and Siemens, Fiat, and Clagso Smith Klein.
And must be according to the newspaper companies to respond to the accusations by Iraqi deadline of mid-January, current January, before the Court begins to hear cases.
The oil for food program, was introduced by the United Nations to help the Iraqis under the sanctions imposed on Saddam Hussein's regime after it invaded Kuwait in 1990.
The program provided for Iraq and for the period 1996 - 2003 to buy food and medicines in amounts estimated at 46 billion U.S. dollars were collected from the sale of a limited oil.
It has been uncovered in the 2004 scandal and foul in the program ended after one year to the Director of the program, Benon Sevan resigned from the United Nations.
And contributed to hundreds of companies from many countries, particularly France, Russia and China in the program, and demonstrated an independent investigation by the Commission led by the Federal Reserve chairman Paul Volcker, former U.S. of a manipulation of the program, on the different types such as invoices and selling adulterated oil company was given as gifts or for imported goods without the knowledge of the United Nations.
It is noteworthy that Iraq had raised after the war in 2003 and in several occasions the issue of oil coupons "lots of oil," awarded the former regime figures for Arab and international support for the announcement of Iraq's political positions.