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Afghanistan-Pak-India |
Over 125 Indian firms paid kickbacks to Saddam |
2005-10-28 |
Over 125 Indian companies are among 2,000 firms worldwide who made illegal payments to Saddam Hussein's regime for contracts in UN's Oil-for-Food programme, an independent inquiry into the controversial deal said in New York on Thursday. The companies supplied diverse products including food, medicines, electrical goods, steel and tea. Most of the other companies involved are American, Russian and Chinese. In its final report, the Committee headed by former American Reserve Chairman Paul Volcker said Saddam Hussein received only about $1.8 billion from "manipulation of transactions" under the oil for food programme, which the panel investigated. But he received much more — an estimated $11 billion from smuggling oil to Jordan and other neighbouring countries, which was known to the Security Council. |
Posted by:Steve White |