Well-Heeled Saddam Has Global Stash

(Washington Times) Jay Bushinsky - Saddam Hussein is a multibillionaire whose worldwide financial grid trades in gold, diamonds, and drugs, and has links to important Russian and U.S. companies, according to Nicolas Giannakopoulos, head of the Organized Crime Observatory (OCO), a Geneva-based investigative group. Saddam's funds have been deposited in Swiss banks and also in banks and off-shore companies in Liechtenstein, Panama, and the Bahamas. Giannakopoulos said Switzerland was chosen as the hub of Saddam's network because "the Swiss didn't ask questions; they just let his agents do whatever they wanted to do."


2003-08-19 00:00:00

Full Article

BACK

Visit the Daily Alert Archive