28th September 2004, 2:05 PM
Yeah, I want to see that movie too. :)
The Oil-For-Food program was designed to allow Saddam to sell Iraqi oil and the money made from it would be used to by food, healthcare, ect. for the Iraqi people without Saddam every seeing a single red cent of it. But, Saddam was allowed to choose which companies he worked with and through various schemes was able to syphon billions of dollars from the program. He undercharged for oil so the oil companies wired money back to his bank accounts [Swiss bank accounts, of course] and overcharged for goods. Apparently the UN overseer of the program made some quick cash off of it too keep his mouth shut and let Saddam do he wanted, of course there's no "proof" that the guy did that. That's the short of it.
Quote:I've heard of this Oil-For-Food Scandal, someone tell me the details...
The Oil-For-Food program was designed to allow Saddam to sell Iraqi oil and the money made from it would be used to by food, healthcare, ect. for the Iraqi people without Saddam every seeing a single red cent of it. But, Saddam was allowed to choose which companies he worked with and through various schemes was able to syphon billions of dollars from the program. He undercharged for oil so the oil companies wired money back to his bank accounts [Swiss bank accounts, of course] and overcharged for goods. Apparently the UN overseer of the program made some quick cash off of it too keep his mouth shut and let Saddam do he wanted, of course there's no "proof" that the guy did that. That's the short of it.
Sometimes you get the scorpion.