Tuesday, January 24, 2006

British broker still arranging Iraq deals

Tony Davies’ father served in the British occupation of Iraq in the 1920s. In that role he developed an extensive network of contacts in Iraq, an influence still being used to broker deals in Iraq today.
The British middleman, (Davies Jr.) set up schemes to pay kickbacks to Saddam Hussein's regime for over a dozen companies during the UN’s Oil for Fool Program. One such deal was for Australian company, Rhine Ruhr, which was bidding for engineering contracts with Iraq's oil ministry.
Davies' British company, Eastoft Hall Ltd, set up a spin off for the deals, Eastoft (Russia) Limited. On the Iraq end they dealt with a local middleman, Younis, of Emlood Electrical Mechanical Contracting Company.
Davies has refused to give evidence at the Australian inquiry into the Oil for Food scandal. However the paper trail seems damning for Davies and Rhine Ruhr.

That Davies is still operating in brokering murky, backroom deals, in post war Iraq, suggests that the culture of bribery and kickbacks is still alive and well in that marketplace.
Source: Cole Inquiry Transcript

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