Monday, September 27, 2004
Zee French-uh, zee bank-uh and zee UN-uh
Let zee games-uh begin...
Perhaps Monsieur Le President Chirac will entertain us with some Cirque du Soleil magicque, and make zee eveedance disappear-uh...
From zee feelthy 'Capitalist Tool,' Forbes
"Congressional investigators examining "a semitrailer truck load" of subpoenaed documents are trying to determine whether lax monitoring at a French bank that held more than $60 billion for the U.N. oil-for-food program facilitated illicit business deals by the former Iraqi government, officials told The Associated Press.
Although BNP Paribas isn't the target of the probe involving companies and individuals in 50 countries, the documents could provide a road map to alleged corruption at the United Nations and by politicians from France, Russia, Britain, Indonesia and Persian Gulf states who have been implicated.
The three congressional panels that subpoenaed BNP Paribas documents are looking into whether the bank met minimum standards that require financial institutions to identify customers, partly to prevent money laundering. The committees are among at least five in Congress investigating allegations of U.N. corruption and reports that Iraqis skimmed billions of dollars in kickbacks through deals administered by the United Nations.
"There is substantial evidence" of corruption, said Rep. Joe Barton, R-Texas, who is leading one of the investigations at the House Energy and Commerce Committee.
An April report by the General Accounting Office, now called the Government Accountability Office, estimated that the Iraqi government skimmed $4.4 billion dollars through the kickbacks and an additional $5.7 billion through oil smuggling..."
Zee article is here.