India has not escaped the tentacles of the Oil-For-Food scandal. According to Ashish’s Niti, K. Natwar Singh, India’s External Affairs Minister, and the Congress Party are listed in the Volcker Report as “non-contractual beneficiaries” of Iraqi oil sales in 2001, through an intermediary company named as Masefield AG.
|So much for No War for Oil! Remember it was considered bad for a company to lobby for Iraq Reconstruction contract and to profit from the war. Many of us knew that much of the opposition to liberation of Iraq was rifed with hypocrisy but the extent of corruption is coming to light only now. Looks like the removal of Saddam Hussein destroyed a whole ecosystem.|
I’m not so sure that the ecosystem is entirely destroyed. The Saudi branch of it seems to be flourishing even now.
Hat tip: Desipundit.