Word: auchi
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Dates: during 2000-2009
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...another deal is coming under scrutiny. A senior Pentagon official told TIME that the U.S. is reviewing its decision to grant the mobile license for Baghdad and central Iraq to a consortium led by Egyptian telecom giant Orascom because of its ties to Nadhmi Auchi, an Iraqi-born billionaire who built his fortune partly through arms deals with the Iraqi regime in the 1980s. Industry sources say Auchi provided Orascom with a $20 million loan to help pay down its $500 million debt. The sources say the loan gave Auchi, who faced French prosecutors earlier this year for his role...
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