Oil-for-Palaces Scandal Reaches into Italy
The Oil-for-Palaces scandal is now reaching into Italy, according to a report in the New York Times.
The article suggests that Roberto Formigoni, Governor of Lombardy, and often suggested as a potential prime minister, received vouchers worth 24 million barrels of discounted Iraqi oil.
I believe Paul Volcker will be issuing a new report on the scandal in the next week or so.
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