Bacon Jr., Perry
November 2004
Time International (South Pacific Edition);11/29/2004, Issue 47, p13
The article presents information related to the money amassed by Saddam Hussein, former President of Iraq, by cheating the UN sanctions. By defrauding the oil-for-food program, imposed after the first Gulf War, Hussein raised billions for the construction of palaces and the purchase of weapons. Being hopeful that the U.N. sanctions would be revoked by foreign governments, Iraq had offered reduced-price oil vouchers. Nearly $6 billion of Iraqi assets have been frozen by the U.S.


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