According to the Senate panel
investigating the UN Oil-for-food scandal, Saddam Hussein made $21 billion off the program, more than twice the previous GAO and ISG estimates of $10 billion:
Oil smuggling alone netted Saddam's regime about $9.7 billion, with other funds flowing from switching substandard goods with top-grade ones, as well as exploiting food and medicine shipments to the Kurds in Iraq's north.
Panel investigators also echoed the findings by Duelfer, head of the CIA-led Iraq Survey Group, that Saddam's regime gave lucrative contracts to buy Iraqi oil to high-ranking officials in Russia, France and other nations.
Here's the official record of yesterday's hearings. (Via InstaPundit)
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