US oil companies subpoenaed in Oil-for-Food probe

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doublelongdaddy
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"US oil companies subpoenaed in Oil-for-Food probe"
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US oil companies subpoenaed in Oil-for-Food probe
CNN |
"Exxon Mobil Corp., ChevronTexaco Corp. and Valero Energy Corp. - all major buyers of Iraqi oil under the U.N.-managed program - were sent subpoenas last week by the U.S. attorney for the Southern District of New York... Congress, the Iraqi government and the United Nations are already conducting separate investigations into allegations of corruption and mismanagement in the program... In March, an official from the General Accounting Office, the investigative arm of Congress, told a subcommittee of the U.S. House of Representatives that Saddam Hussein personally made $10.1 billion between 1997 and 2002, $4.4 billion on oil sold through the program and the rest through smuggling."

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