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http://www.freerepublic.com/focus/f-news/1373433/posts

“One investor in all three regions, billionaire Nadhmi Auchi, is widely regarded as a corrupt supporter of Saddam Hussein’s regime who got his money from doing deals, especially illegal arms transfers for Saddam,” states the report.

Auchi is a central figure in the U.N. oil-for-food program where both U.S. Congress and a special U.N. investigation are looking into massive corruption and a missing $10 billion.

Auchi is no ordinary man but a member of Saddam Hussein’s inner circle. Auchi was tried alongside Saddam Hussein for his involvement in a conspiracy to assassinate an Iraqi prime minister in the 1950s. Auchi used money from military contracts in Iraq to establish close political, business and banking contacts in Britain and Luxembourg.

“His first business coup was to broker a deal to sell Italian frigates to the Iraqi defense ministry, for which he received millions of dollars in commission. The deal to buy the ships and other military equipment from the Italian naval shipyards, Catiri Navali Riunit, sparked an Italian parliamentary investigation into alleged bribes. Investigators discovered that a Panamanian company owned by Auchi, the Dowal Corporation, was used to funnel alleged illegal payments,” noted the May 2004 Defense Department report.

Auchi’s relationship with the British government is already under fire, with the billionaire having collected several prominent politicians as directors of his vast European empire of holdings.

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RELATED???

Steel:

Kennedy School, 2004–06

From February 2004 to September 2006, Steel was a senior fellow at the John F. Kennedy School of Government at Harvard University.[21]

Auchi:

He was also Vice-Chair of the Kennedy School of Government at Harvard University from 1996 and 2000

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http://www.isgp.eu/introduction.htm

At the time of the Oil-for-Food scandal it turned out that Nadhmi Auchi’s General Mediterranean Holdings
had a majority share in BNP Paribas (34), the bank that handled all of the Iraqi loans and has subsidiaries all over the Middle-East. Auchi is a member of Le Cercle and is up to his ears involved in illegal arms trafficking, British Intelligence, and the British throne itself. Look for his bio in the membership list of Le Cercle.

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http://www.upi.com/Business_News/2006/06/22/Barclays-buys-Wachovia-unit-for-469M/UPI-69751151006554/

Barclays buys Wachovia unit for $469M
Published: June 22, 2006 at 4:02 PM

NEW YORK, June 22 (UPI) — Barclays Bank PLC is paying $469 million to Wachovia Corp. to buy the U.S. mortgage servicing business of HomEq Servicing Corp.

(snip).

It also said it sees the deal as an opportunity to “grow our existing U.S. mortgage securitization franchise.”