The White House
President George W. Bush
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For Immediate Release
May 20, 2004

Treasury Department Identifies Links to Uday Hussein's Illicit Financial Dealings
Iraq Fact of the Day

The U.S. Department of the Treasury has identified six individuals and two companies that supported Uday Hussein's illicit financial dealings. The individuals were responsible for the day-to-day operation of many of his businesses. Some held senior positions in the Uday-controlled Iraqi Olympic Committee, which allegedly acted as a front for smuggling activities. The U.S. government continues to identify those who participated in the corruption that was a trademark of Saddam Hussein's regime.

Source: U.S. Department of the Treasury

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