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Natural gas 2.801

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127

$10 Billion

New charges emerge in defunct oil-for-food program...

$10 Billion

According to US Congressional investigators, Saddam Hussein's regime received more than $ 10.1 billion in illegal revenues related to the United Nations oil-for-food program from 1997 to 2002.

The preliminary report, by the US General Accounting Office (GAO), alleges the former Iraqi government received $ 5.7 billion from oil illegally smuggled out of Iraq and $ 4.4 billion in illicit surcharges on oil sales and commissions from suppliers. An earlier estimate by the GAO covering oil-for-food program activities through 2001 found that Saddam Hussein's regime had taken $ 6.6 billion in illegal revenues from the UN program. The new estimate includes 2002 data from oil revenues and contracts and newer estimates of illicit commissions from commodity suppliers, GAO said.

Under the oil-for-food program, the Iraqi government was permitted to sell oil only if the money was used to buy humanitarian goods and pay victims of the 1991 Gulf War. Other oil sales were prohibited under the UN embargo imposed after Iraq's 1990 invasion of Kuwait. The oil-for-food program expired in November 2003.


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