July 8, 2013
by Jaclyn Belczyk
A French court on Monday acquitted French oil company Total, its CEO Christophe de Margerie and several other defendants on corruption charges in connection with a scandal involving the UN's Iraq Oil-for-Food program. The oil-for-food program allowed the Iraqi government of Saddam Hussein, which... ...[read more]
February 7, 2013
by Addison Morris
A judge for the US District Court for the Southern District of New York on Wednesday dismissed an Iraqi government lawsuit accusing numerous business entities of conspiring with Saddam Hussein to disrupt the UN Oil-for-Food Program, thereby denying Iraqi citizens access to approximately $10 ...[read more]
August 19, 2012
by Kimberly Bennett
On August 19, 2005, Danish industrial pipe production company Grundfos admitted to paying bribes to Iraqi authorities of Saddam Hussein's government under the UN oil-for-food program, which was created to exchange Iraqi oil for food and medicine in 1996. An internal Grundfos investigation ...[read more]
February 3, 2012
by Cody Harding
On February 3, 2005, the Independent Inquiry Committee (IIC) released a report investigating the UN Oil-for-Food program. The program began to exchange Iraqi oil for food and medicine in 1996, despite international sanctions prohibiting such trading. The report concluded that the program's head, ...[read more]
November 27, 2011
by Clay Flaherty
On November 27, 2007, Texas oil tycoon Oscar Wyatt, Jr. was sentenced to one year in prison and ordered to pay $11 million in restitution for his role in the Iraq oil-for-food scandal. Wyatt was originally arrested in October 2005 by the US Attorney for the Southern District of New York, Michael ...[read more]
December 16, 2010
by Andrea Bottorff
The UN Security Council on Wednesday voted to remove sanctions imposed on Iraq between 1991 and 2003 during the country's wars under former Iraqi dictator Suddam Hussein. The Security Council approved three resolutions that eliminated the Development Fund for Iraq, lifted sanctions prohibiting ...[read more]
July 28, 2010
by Andrea Bottorff
General Electric Co. (GE) on Tuesday agreed to a $23.5 million settlement after the US Securities and Exchange Commission (SEC) filed a complaint accusing GE of bribing Iraqi officials to receive contracts under the UN Oil-for-Food program. The SEC claimed that, between 2000 and 2003, four of GE' ...[read more]
April 6, 2010
by Andrea Bottorff
A Paris judge has charged French oil company Total with bribery and complicity in connection with a scandal involving the UN's Iraq Oil-for-Food program, the company's lawyer confirmed Tuesday. Total announced the court's decision in its annual report last week but maintained that the c... ...[read more]
March 7, 2008
by Steve Czajkowski
Texas oil baron David Chalmers was sentenced to two years in prison and ordered to forfeit $9 million Friday for paying millions in bribes to Iraqi officials in connection with the UN oil-for-food scandal. Chalmers, the owner of Bayoil USA Inc and Bayoil Supply and Trading Ltd, pleaded guilty ...[read more]
November 27, 2007
by Devin Montgomery
Texas oil tycoon Oscar Wyatt Jr. was sentenced Tuesday to one year in prison and ordered to pay over $11 million dollars in restitution for his role in the Iraq Oil-for-Food scandal. Originally accused of paying millions of dollars in illegal kickbacks to members of Saddam Hussein's regime in o... ...[read more]

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