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An Italian bank is suing the Iraqi government to recover more than $1 billion lent to Saddam Hussein's regime 15 years ago. The loans, which originated in the Atlanta office of Banca Nazionale del Lavoro, were at the heart of the "Iraqgate scandal," during which critics blamed the first Bush administration for arming Hussein's government in the '80s. Speculation persists over how Atlanta bank employees lent the funds without the knowledge of their superiors in Rome or any high-ranking American officials.
August 08, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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