[ Saturday, October 16, 2004 ]
Bush SSpecial Envoy Embroiled In NEOCONTROVERSY Over Iraq Debt
Consortium plans to cash in as Baker asks countries to end $200bn burden
Read the documents
"President Bush's special envoy, James Baker, who has been trying to persuade the world to forgive Iraq's crushing debts, is simultaneously working for a commercial concern that is trying to recover money from Iraq, according to confidential documents.
Mr Baker's Carlyle Group is in a consortium secretly proposing to try to collect $27bn (£15bn) on behalf of Kuwait, one of Iraq's biggest creditors, by using high-level political influence. It claims Mr Baker will not benefit personally, but the consortium could make millions in fees, retainers and commission as a result."
DONT YOU SMELL A NEOCONFLICT OF INTEREST?
art [10:05 PM]