March 4, 1998 |
Iraq is effectively diverting hundreds of millions of dollars annually to prop up President Saddam Hussein's regime through a United Nations humanitarian aid program that soon will more than double, U.S. officials and oil analysts say. Baghdad is gaining access to new revenue through the U.N. "oil-for-food" program that has let Iraq since 1996 sell $2 billion in oil every six months to buy food and medicine to alleviate the Iraqis' suffering.
May 24, 1996 |
President Saddam Hussein had planned to resist the United Nations deal to resume Iraqi oil sales to feed his suffering population and had even drawn up plans to make massive cuts in his military to free up resources, senior U.S. officials said Thursday. Hussein reluctantly relented only when it appeared that he would soon have to begin carrying out cutbacks in the military machine that is the most powerful in the Persian Gulf region--and is the prop that has kept him in power.
January 24, 1995 |
The Justice Department cleared the George Bush Administration Monday of any wrongdoing in the so-called "Iraqgate" affair, releasing an internal department report saying that no evidence could be found of any criminal conduct beyond that of six U.S.-based employees of an Italian bank who have been convicted of illegal transactions. The department's report, more than a year in the making, dismissed allegations by the bank's convicted Atlanta manager, Christopher P.
October 3, 1992 |
In another burst of impatience with Saddam Hussein, the U.N. Security Council ordered the seizure of frozen Iraqi oil assets Friday to help pay for all that Iraq owes the United Nations under the cease-fire resolutions ending the Persian Gulf War.
May 24, 1992 |
Nearly three years after FBI agents raided the Atlanta branch of an Italian bank that provided billions of dollars to Iraq, the mystery surrounding the politically charged case is deeper than ever. Classified documents and interviews indicate that American officials were aware well before the raid that, late in the Iran-Iraq war and afterward, the Banca Nazionale del Lavoro's tiny branch in Atlanta was funneling huge loans to Iraq's clandestine international arms procurement network.
March 22, 1992 |
An Italian bank whose Atlanta office gave $4 billion in loans to Iraq in the 1980s wants some of the money back but has run into opposition from the federal government. The U.S. Department of Agriculture, which guaranteed $900 million in loans made by Banca Nazionale del Lavoro, is refusing to pay the bank the $350 million still outstanding until it gets assurances that the loans are legal. Rep. Henry B. Gonzalez (D-Tex.