American oil trader involved in Iraq oil-for-food scandal

by on April 14th, 2005

http://www.nytimes.com/2005/04/15/international/middleeast/15food.html?hp&ex=1113537600&en=f49764710bf89903&ei=5094&partner=homepage

An American oil trader and a Korean lobbyist with a scandalous past were charged yesterday in connection with illegal gains and kickbacks involving the United Nations oil-for-food program during Saddam Hussein’s regime in Iraq.

In an indictment, federal authorities in New York said David Bay Chalmers Jr., a Houston oil businessman, and his company, Bayoil U.S.A., made millions of dollars in illegal kickbacks to the Iraqi government while trading oil under the $65 billion aid program.

Separate charges were brought against Tongsun Park, a millionaire South Korean businessman, for acting as an unregistered lobbyist for Iraq in behind-the-scenes negotiations in the United States to set up and shape the United Nations program. The criminal complaint said Mr. Park received at least $2 million in secret payments from Mr. Hussein’s government for serving as a liaison between Iraqi and United Nations officials.

Mr. Park was at the center of a lobbying scandal in the 1970’s, when he was accused of paying bribes to lawmakers in Washington to secure support for loans to South Korea.

Etalkinghead Staff