Friday, May 11, 2007

Chevron Admit Kickbacks to Saddam

Hat-tip to Aaron at breathe for this one (I haven't seen this reported that much in the UK):

United States oil giant Chevron is ready to admit that it should have known that illegal payments were being paid to Saddam Hussein to purchase Iraqi petroleum during the Oil for Food Program. Will Condoleezza Rice admit her accountability?

According to Claudio Gatti, an investigative reporter for Il Sole 24 Ore, whose report was published in the New York Times, Chevron made illegal payments of $20 million dollars to Iraq indirectly through a number of small oil traders, who purchased and then resold Iraqi oil to Chevron between 2000 and 2002.

Chevron must now pay between $25 to $50 million dollars in fines as part of a settlement with the U.S. Justice Department.

And Condi's involvement?

......Condoleezza Rice's tenure on the Board of Directors (from 1991 to January 15, 2001) covered half of this period, and she served as the Chair of the Public Policy Committee. By the time Rice resigned from the board to work in the White House, Chevron had bought millions of barrels of crude from Iraq, and likely knowledgeable board members would have been those on the Public Policy Committee, which considers important legal, environmental and other policy issues.

The White House linked to a scandal involving the oil industry? Surely not.