October 13, 2004

Bush Minion James Baker embroiled in controversy over Iraq debt

October 13, 2004/ Tron Nick

Consortium Trying to get PAID as Baker asks countries to end $200 Billion Debt
President Bush's special envoy, James Baker, who has been trying to persuade the world to forgive Iraq's crushing debts, is simultaneously working for a commercial concern that is trying to recover money from Iraq, according to confidential documents. Mr Baker's Carlyle Group is in a consortium secretly proposing to try to collect $27bn (£15bn) on behalf of Kuwait, one of Iraq's biggest creditors, by using high-level political influence. It claims Mr Baker will not benefit personally, but the consortium could make millions in fees, retainers and commission as a result. Other countries, including Britain, have been urged by Mr Baker to relieve the new Iraq regime of its $200bn debt burden. Iraq owes Britain approximately $1bn. One international lawyer described the consortium's scheme as "influence peddling of the crassest kind". [more

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Bush Minion James Baker embroiled in controversy over Iraq debt

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