Carlyle (now) Disavows Plan to Get Kuwait Business

[GoBlue]

The Carlyle Group yesterday said it was not part of a consortium that touted its political ties in an attempt to win business collecting and managing billions of dollars owed to Kuwait by Iraq.

The consortium, called International Strategy Group LLC, offered in January a proposal to help the government of Kuwait seek full repayment of Iraqi debt. The offer, which emphasized Carlyle's participation as manager of any funds recovered, came a month after Carlyle's senior counselor, James A. Baker III, was appointed by President Bush to persuade foreign governments and private lenders to forgive more than $200 billion in Iraqi debt.

Carlyle, in a letter sent to International Strategy yesterday after the consortium's offer was publicly reported, said it never consented to be a part of the consortium and "does not want to participate in any way, shape or form" with International Strategy Group's efforts.

http://www.washingtonpost.com/wp-dyn/articles/A30798-2004Oct13.html

[shaolinmonkey]

1. and we should believe them...why?

[realFedUp]

2. Deny, rename, go around, and go ahead under the radar...

Seems to be the rightwingnut pattern.

[goforit]

3. Sounds a little dirty to me........There's slime in the ice box!!!