French, Russian politicians listed as recipients of Saddam's largesse
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The Iraqi government of Saddam Hussein issued millions of dollars in lucrative oil export vouchers to leading French, Russian and other foreign politicians as part of a concerted effort to win their assistance in lifting UN sanctions against Iraq, a US weapons inspector said in a report made public here.
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France says claims that its officials were among those offered bribes by Saddam Hussein are unverified.
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Companies that bought Iraqi oil from traders who allegedly spent billions of dollars to bribe Saddam Hussein for contracts under the U.N. oil-for-food program now could be implicated in the vast web of corruption uncovered in the investigation by former Federal Reserve chairman Paul Volcker, a Swiss criminal lawyer told The Associated Press on Sunday.
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RUSSIA finally signed up yesterday to an agreement between 19 nations to write off $33 billion (Â£17.8 billion) of Iraqâs debt. The agreement was confirmed by a US Treasury official at
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Paris - The Paris Club of creditor nations, with the exception of Russia, has reached an agreement in principle to slash debts Iraq owes to the group by up to 80%, a well-placed official said on Sunday.
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Interviews with dozens of former and current Iraqi officials by congressional investigators have produced new evidence that Saddam Hussein micromanaged business deals under the U.N. oil-for-food program to maximize political influence with important foreign governments like Russia and neighboring Arab states.
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Russian firms bought about 30 percent of the oil sold under Iraq&#39;s now-defunct oil-for-food program, according to a UN investigator&#39;s extensive list of companies that did business with Saddam Hussein&#39;s government.
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WASHINGTON - Saddam Hussein illegally pocketed a staggering $21 billion from the scandal-scarred UN oil-for-food program â-ore than twice the previous estimate, congressional investigators said yesterday.
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Iraq will owe Russia between US$700 million (euro530 million) and US$1 billion (euro750 million) after the bulk of its debt is forgiven under a deal with international creditors, Finance Minister Alexei Kudrin was quoted as saying Monday.
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Russian firms bought about 30 percent  of the oil sold under Iraq's now-defunct oil-for-food program,  according to a U.N. investigator's extensive list of companies  that did business with Saddam Hussein's government.
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CAIRO -- Private Saudi citizens are giving millions of dollars to Sunni insurgents in Iraq and much of the money is used to buy weapons, including shoulder-fired antiaircraft missiles, according to key Iraqi officials and others familiar with the flow of cash.
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France dismissed accusations made in an official US report that French businessmen and politicians received bribes from Saddam Hussein in order to influence government policy on Iraq, with the foreign ministry describing them as &quot;unverified.&quot;
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A French bank may have repeatedly violated US money-laundering laws, letting Saddam Hussein rip off the multibillion-dollar UN oil-for-food program, a House investigator said yesterday.
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Russia offered a $10 million reward on  Wednesday for information to help it hunt down Chechen rebel  leaders Shamil Basayev and Aslan Maskhadov, whom it accuses of  being behind last week's deadly school siege.
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The companies are accused of paying bribes to secure lucrative contracts in Iraq while Saddam Hussein was in power.
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The authorities in war-torn Chechnya announce cash gifts for boys born on the slain leader's birthday.
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Russia&#39;s finance minister announced a $5.4 billion increase in funding for four key security agencies on Tuesday, a day after President Vladimir Putin announced his plan for combatting terrorism.