Tuesday, November 08, 2005

Iraq's Oil- For- Food Program Takes A political Casualty

U.N independent inquiry revealed massive corruption going around the globe in the humanitarian program that was meant to help sanctions-hit Iraq in the aftermath of the first Gulf War in 1991.

The independent inquiry, headed by former U.S. Federal Reserve Chairman Paul Volcker, has accused more than 2,200 companies and prominent politicians worldwide of colluding with Saddam Hussein's regime to milk the oil-for-food program of $1.8 billion (1.5 billion euros) in kickbacks and illicit surcharges.

Indian Congress Party was named as a "non-contractual- Beneficiary." Following this revelation the the foreign minister Natwar Singh has been sacked.

What this report also shows is that Iraq had a dictator who did not have a conscience and was prepared to spend millions on acquiring weapons while thousands of children died due to shortage of medicine. It is such a shame that an oragnization like the U.N was callous in the proper implementation of the program. A community of the business world that has sold its soul for profits is criminally negligent and an utter disgrace.

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