Monday, January 17, 2005

The Oil-for-Food Scandal – The Canadian Connection



Paul Desmarais (senior) and Paul Martin (Junior)

"Its all about the oil" was the chant issued by a vast army of protesters around the world.

Yes, it may have been "all about the oil" – but it didn't involve Americans, who did not own any of the oil in Iraq, but rather a horde of rich global fat cats who wanted to make millions in a so-called U.N. humanitarian program.

One of those who made out like a bandit is a rich Canadian whose bank made millions and whose Paris-based holding companies include the originally French-Belgian oil company TotalFina Elf, which cut lucrative deals with Saddam's Iraq and is currently operating in war-torn Sudan. NewsMax

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