THE UNSCUM INVESTIGATION is spreading; first to France, including an arrest (both links via Roger Simon). Now to Germany:
German companies are also involved in the kickback scandal looming over the oil for food program. United Nations investigators recently requested exports files on 50 German firms from the Foreign Ministry.One of these days it'll be Spain. Never too soon.
Saddam Hussein's affection for the Swiss financial metropolis Geneva had a long-running history and tradition. Many times over the past decades, Iraq's former dictator used the fancy and glitzy banking hub on the shores of Lake Geneva as a hiding place for his illegally earned billions. In the late 1980s, Saddam even sent his half-brother to Switzerland, ordering him to protect the money personally.
Bankers in the city along the Rhone River did brisk business with Saddam, even during the United Nations embargo. Saddam's followers secretly demanded their piece of the pie: those "pieces" were shares of inflated bills issued to corporations planning to supply goods to Baghdad as part of the oil-for-food program. As one of several channels, one account held at the tony Geneva private bank Safdie could be used to transfer these kickbacks.