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| UNÂ’s Kuwait invasion fund pays out $1.3B |
| 2012-07-28 |
| UNITED NATIONS: The UN Compensation Commission that settles damage claims from victims of IraqÂ’s 1990 invasion of Kuwait on Thursday approved $1.3 billion for six successful claimants. The Geneva-based UN Compensation Commission is funded by a 5 percent tax on the export of Iraqi oil, as determined by the UN Security Council in 2003. ThursdayÂ’s payments were made to four individuals, a corporation and a government or international organization, none of which were identified in the UNCCÂ’s announcement. The agency has now paid out a total of $37.7 billion for more than 1.5 million successful claims by individuals, corporations, governments and international organizations, the statement said. The Commission was established in 1991 by the UN Security Council. It has received nearly 3 million claims, from nearly 100 governments for themselves, their nationals or their corporations. |
| Posted by:Steve White |
| #3 If it's run by the same clowns that ran Oil For Food, what could possibly go wrong. Wonder what their service charges amount includes? |
| Posted by: manversgwtw 2012-07-28 16:15 |
| #2 I believe the UN got involved because Saddam wasn't going to pay for the damage claims by Kuwait. Now Iraq actually has a government with the will and means to compensate Kuwait for having invaded it. Maybe I'm missing something, but I don't really see a problem here. |
| Posted by: American Delight 2012-07-28 08:30 |
| #1 Why the hell are THEY paying, they didn't invade anybody. Or is it just a cash pot up for grabs. |
| Posted by: Redneck Jim 2012-07-28 08:04 |