From Friends of Saddam, Fox News has obtained a list of the foreing companies approved by Saddam, which includes 109 Saudi companies and 33 Russian companies. In another article from Fox,
Here’s how the system is thought to have operated: Saddam and his top officials would select contractors to supply humanitarian and other goods. The regime routinely would use this power to reward companies or nations that backed Saddam and argued against sanctions. The selected companies then won the privilege of becoming the dictator’s preferred business partners.
But the companies didn’t need to actually supply the goods they’d won the contract for. They could act as middlemen, take the contract to another company and sell it for a healthy profit. Russian and Saudi Arabian companies were the big winners in the scheme, according to the list of companies obtained by FOX News.
I wonder if/how any of this relates to the item on my next post, the murder of the Forbes editor?