http://www.guardian.co.uk/Iraq/Story/0,2763,1326037,00.htmlBush special envoy embroiled in controversy over Iraq debt
Consortium plans to cash in as Baker asks countries to end £200bn burden
Read the documents
President Bush's special envoy, James Baker, who has been trying to persuade the world to forgive Iraq's crushing debts, is simultaneously working for a commercial concern that is trying to recover money from Iraq, according to confidential documents.
Mr Baker's Carlyle Group is in a consortium secretly proposing to try to collect $27bn (£15bn) on behalf of Kuwait, one of Iraq's biggest creditors, by using high-level political influence. It claims Mr Baker will not benefit personally, but the consortium could make millions in fees, retainers and commission as a result.
Other countries, including Britain, have been urged by Mr Baker to relieve the new Iraq regime of its $200bn debt burden. Iraq owes Britain approximately $1bn.
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"Baker is on two sides of this transaction: he is supposed to be representing the interests of the US, but he is also a senior counsellor at Carlyle, and Carlyle wants to get paid to help Kuwait recover its debts from Iraq."
She added: "Carlyle and the other companies are exploiting Baker's current position to try to land a deal with Kuwait that would undermine the interests of the US government."
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but heck, that's how the criminal bloody bushgang does business