- Former Cape cop faces stealing-by-deceit charge (6/18/17)3
- Jackson scores high in survey of residents; better streets, Aldi are high priorities (6/20/17)4
- Jackson woman accused of trying to hit another with her truck (6/15/17)
- Marble Hill mayor hires city manager without board approval (6/21/17)1
- Police search for two suspects in abduction, robbery case; victim found unharmed in Scott County field (6/16/17)1
- Cape man faces charges of victim tampering (6/18/17)
- Racial disparity of traffic stops inches upward in Cape (6/15/17)6
- Police: Cape abduction may have ties to Georgia homicide (6/18/17)5
- 3 drown in Southeast Missouri in three days (6/16/17)
- Two men accused of selling meth to undercover cop (6/22/17)
Texas oilman, two Swiss executives latest charged in oil-for-food scandal
NEW YORK -- A Texas oil mogul and two Swiss business executives were charged Friday with paying millions in kickbacks to Saddam Hussein's regime in the latest indictment to come out of the U.N. oil-for-food scandal.
Oscar S. Wyatt Jr., founder and former chairman of Coastal Corp., was arrested at his home in Houston. The U.S. government was seeking the extradition of oil traders Catalina del Socorro Miguel Fuentes and Mohammed Saidji from Switzerland.
Wyatt, 81, was freed after bail was set at $2.5 million on the federal charges.
The United Nations set up the oil-for-food program in the 1990s as part of an effort to punish Saddam's regime without making the Iraqi people suffer. Iraq was allowed to sell its crude oil, but the proceeds were supposed to go toward food and other humanitarian aid for the Iraqis.
The program was found to be rife with corruption. Authorities said Saddam began insisting that those he dealt with pay kickbacks.