Where are Iraq's missing oil billions? Much of the $70bn raised by the UN's Oil for Food programme ended up lining the pockets of middlemen and Saddam's associates. Edward Simpkins investigates the scams

From: The Sunday Telegraph London | Date: May 18, 2003| Author: | Copyright information

Iraq's dilapidated oil fields are creaking into life again for the first time since the war. With the oil from several of Iraq's fields beginning to flow once more, the dollars to pay for desperately needed food, medicine and other basic supplies should start flowing too.

But until sanctions are lifted, suppliers can only do business with Iraq through the United Nations' Oil for Food programme. Some 60 per cent of Iraq's 27m people depend on this programme for their food.

The tragedy of these arrangements is that they were wide open to fraud. "Basically, the Oil for Food programme corrupted ...

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