Wednesday, February 27, 2008

How Saddam Hussein's business partner helped Barack Hussein Obama

You probably would have heard of Nadhmi Auchi by now if Sen. Barack Hussein Obama, Jr. were a Republican.

A British citizen of Iraqi descent, Mr. Auchi, 70, is a billionaire, the 279th richest man in the world, according to a Forbes magazine survey last year.

A great deal of Mr. Auchi's money was made doing business with the regime of Saddam Hussein, much of it under the table. In 1987, Mr. Auchi helped French and Italian firms win a huge oil pipeline contract in Iraq, chiefly by paying off Iraqi officials, according to testimony given by an Italian banker to prosecutors in Milan.

Mr. Auchi is also a business partner of Syrian-born businessman Antoin "Tony" Rezko, who has supported Mr. Obama financially since his first run for the Illinois state senate in 1996.

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