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When Libyan dictator Moammar Gadhafi was forced to pay a $1.5 billion settlement to the bombing victims in 2008, he did not reach for his own wallet. He extorted the money from corporations with Libyan oil contracts – including several from America.
Call it the cost of doing business with a corrupt leader. Call it just another bribe. In New Jersey, we’re familiar with this dance.
The news of this shakedown was revealed last week by the federal government – conveniently, as the U.S. military was dropping bombs on Libya. A State Department report on Gadhafi’s extortion scheme was leaked to The New York Times.
The State Department report did not list the American corporations that forked over the cash to Gadhafi. Nor was there any explanation on why this report was not released by the Obama administration in 2009, when the shakedowns took place.
http://www.northjersey.com/columnists/kelly/kelly_032711.html