Food for oil kick back went

to Sonia Gandhi
Dr. Swamy
Dec 2005

Statement of Dr. Subramanian Swamy, Janata Party

President and former Union Cabinet Minister in London[UK]
at the Meet the Press convened by the Indian Journalist
Association on December 9, 2005.

Now that no one in Indian Parliament is questioning anymore

the authenticity of the documents of the Volcker Committee
Report on the UN’s Iraq Oil for Food Programme, it is time to
decode the method of stashing away of the ill-gotten money
siphoned off from the programme by Indian politicians.
Although oil vouchers has got most the media attention, the
‘kick-backs’ in the sale of food and medicines etc., by 125
companies is the bigger scandal which must be taken up
later.

But the hunt for accountability must start at the topwhich in

this case is the Congress Party led by Ms. Sonia Gandhi. It is
now established that the then Oil Minister of Iraq had met
Ms. Gandhi at her residence in the presence of Mr. Natwar
Singh, and the matter of oil voucher was discussed. In
January 2001, Mr. Singh met Saddam Hussein in Baghdad
with a letter from Ms. Gandhi[ which is with Volcker
Committee]. Vouchers for
lifting 4 million barrels of oil at a concessional price was then
issued in the name of the party.

This oil allotment did not go to Indians or Indian refining PSU

companies, but instead was sold at market price to a Marc
Rich owned foreign company: Masefield AG. The difference
between the concessional price and the market price, about
Rs. 300 crores, found it’s way from Swiss banks to Cayman
Island to New York for investment.

I have now verified that the ill-gotten money earned by Ms.

Sonia Gandhi ended up in HSBC bank in New York[Yonkers
branch] deposited in the account of Century Development
Group, Inc., account number: 652-72521-0. This is a benami
account of Ms. Sonia Gandhi operated on her behalf by Zach
Thomas, the New York based brother-in-law of Ms. Sonia
Gandhi’s Man Friday Vincent George.

After the UPA come to power at the Centre, the Finance

Minister broke the law by creating a financial instrument
called Participatory Note[PN] which was put out of the
purview of the SEBI, and hence not required to disclose the
source of funds when invested in the Mumbai and other
stock exchanges. Ms. Sonia Gandhi used the Fidelity
Investments company of New York to make extensive ‘penny
stocks’ purchases to manipulate the stock market ‘boom’
and earn huge profits. Indians thus lost at both endsoil and
stock market stability. Ms. Gandhi has used the Century
Development outfit to purchase real estates in US, and has
been permitted to channel investments of NRI to Kerala. In
this connection, Muthoot Company of Kerala must be
investigated as well.

After the Volcker Committee Report came out, Ms. Sonia

Gandhi instructed Mr. Thomas to get rid of all the records.
The company was thus hastily sold to two Americans in
Nevada in mid-October.

Ms. Sonia Gandhi is also implicated in the Letters of Credit

opened by Vitol Financiers, which company has an office in
Mumbai too.

Ms. Sonia Gandhi must resign from the Cabinet rank post of
Chairperson of the National Advisory Council of the UPA
government, because she has already sought to influence
the investigation in India by the Enforcement Directorate.
Kolkata based Telegraph has reported that on December 6th
at 4 PM, ED officials were summoned to her residence for a
briefing and for receiving directions on further inquiry.