Charges centred on contracts entered into under the Oil For Food programme between 2000 and 2002.
The High Court in Edinburgh heard this had contravened the Oil For Food programme aimed at helping Iraqis.
The U.N. was due to discuss the oil for food program Tuesday.
Today's decision finally draws a line under the Crown Office's Oil For Food investigation, which we believe is in the best interests of shareholders.
One sub-text here is the UN Oil for Food scandal.
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Later he helped dig up the dormant Swiss bank accounts of Jewish Holocaust victims and looked into the corruption of the Iraqi Oil for Food program for the UN.
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But Iraqi Trade Minister Muhammad Mahdi al-Salih Tuesday said the U.S. and Britain were holding up shipments of food and medical supplies which Iraq would receive under the oil for food program.
In 2007, Vitol was heavily fined by a New York court after admitting making payments to the national oil company in Saddam Hussein's Iraq which were outside the UN's oil for food programme.
Would Mr. Bush have endorsed a United Nations Oil for Food program had he known that Saddam Hussein would misuse it to strengthen his regime and lay the foundation for another war with another President Bush?
For example, in 1999, the German multinational Siemens sold Saddam Hussein many sets of lithotripters under the rubric of medical equipment Iraq has been permitted to purchase as part of the so-called "oil for food" program.
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In the north, the UN took over, and started supplying the Kurds with part of the money generated by the oil for food program, so the Kurdish region is a little better off, because of the UN and U.S. assistance.
"It needs oil to make the fertilizer, oil for the farm, oil for the food processing, oil for the packaging and oil to transport it to the shops, " he added.
In the meantime, the UN does allow Iraq to export oil to pay for imports of food and medicine (an arrangement known as oil-for-food), although it keeps control of the finances.
America and Britain argue that the Iraqi government has itself to blame for oil-for-food's slow progress.
It is physically impossible for oil-for-food revenues (in a UN-controlled account in New York) to be siphoned anywhere.
In exchange, Iraq is being offered what amounts to a timetable for an expanded and improved version of the oil-for-food agreement (the deal under which Iraq sells a set amount of oil to pay for humanitarian relief and war reparations).
But it also renewed the oil-for-food deal, whereby Iraq sells oil to buy humanitarian goods, for six months instead of the two the Iraqis think it should take to complete the arms-control work.
Possibly a larger pool of inspectors or better terms for the oil-for-food exchange.
This takes place under a humanitarian programme which allows the country to exchange oil revenues for food, medicine and other civilian goods.
In 2008 domestic spending was squeezed by higher prices for oil and food (which account for a much higher share of household budgets than in other countries) and by tighter monetary policies, aimed at curbing inflation.
The council also voted to extend the oil-for-food programme - which has since 1996 allowed Iraq to use oil revenues to buy basic necessities - for six months from 30 May.
The two countries exchanged trade delegations and signed contracts for Syrian goods under the oil-for-food deal.
Mr Sistani argues, however, that the ration cards used for the UN's oil-for-food programme (which have just been reissued, without many hitches) could be used as voters' registration cards.
Until the war began, 60% of Iraqis relied on food distributed under the UN oil-for-food programme, which was suspended a couple of days before the first missiles fell on Baghdad.
UN's oil-for-food plan which allows Iraq to sell some oil to buy humanitarian goods, has improved things slightly.
According to a 2005 Senate subcommittee report, Picco provided his services on a number of occasions from 1997 to 2003--overlapping with his Dialogue appointment as a U.N. special representative and undersecretary-general--as a consultant on Oil-for-Food to Bayoil, a company owned by Houston oil man David Chalmers.
America is hoping for a decision by June 3rd, when the present oil-for-food programme has to be renewed.
Blair said EU nations agreed that the U.N. oil-for-food program should be restarted and that Iraq's oil riches should be used to build a prosperous post-Saddam nation.
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