Oil tycoon jailed

Invisible · 2007-11-27T21:49:15+00:00

American oil tycoon Oscar Wyatt has been sentenced to one year and a day in prison for conspiracy in the UN oil-for-food programme scandal. The Texas oilman, aged 83, had agreed last month to plead guilty to conspiracy to commit wire fraud. He admitted he agreed to pay $200,000 (£97,000) into an Iraqi bank account. Under the oil-for-food programme, some companies paid bribes to officials in Saddam Hussein's Iraq in order to secure contracts to buy oil. Source: BBC

Thread starter Invisible
Start date Nov 28, 2007

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Nov 28, 2007

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