Okay here we go again:
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Russia and France were the countries with the most companies involved in the oil-for-food program
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We already stated that we are aware of this and we aren't denying this.
But how to fit this in then?
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The U.S. Treasury Department failed to adequately monitor U.S. companies that violated U.N. sanctions against Iraq, permitting a Houston-based oil company to avoid scrutiny as it paid Saddam Hussein's government more than $37 million in illegal kickbacks, according to a report released yesterday by Democrats investigating abuses in the U.N. oil-for-food program.
Bayoil, a Texas firm indicted by a federal grand jury last month for paying millions of dollars in illegal fees to Iraq, received "minimal attention" from Treasury's Office of Foreign Assets Control (OFAC) as it managed the import of more than 200 million barrels of Iraqi crude into the United States between 2000 and 2002, according to the report released by Sen. Carl M. Levin (Mich.), the ranking Democrat on the Senate Permanent Subcommittee on Investigations.
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To read the rest, see:
http://www.washingtonpost.com/wp-dyn...051601369.html
p.s. The firm Bayoil is also mentioned in your article,
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Bayoil President David Chalmers and his former business associate, Augusto Giangrandi, used a front company, Italtech, to solicit oil allocations in Iraq, the report said.
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But I guess you figured that they were French. It is sometimes so easy to miss a fact like that, isn't it>