US media questions Bumar’s Iraqi contracts

This result might have given grounds for the company to give itself a pat on the back, but instead have led to critical remarks in the American media. US-based newspapers belonging to Knight Ridder Newspapers, one of the largest press distributors, declared that the former Iraqi government signed unbeneficial contracts and lost as much as $300 million on them. The reasons for the losses were also due to alleged corrupt propositions from Bumar. A group of Iraqi inspectors came to Poland in order to check a fleet they ordered, which was to be renovated, and cost the government $100 million. What they found were 24 thirty-year old helicopters from the soviet era. The disappointed team refused to accept the fleet and returned home empty handed, writes the American press. "We have signed a contract for the delivery of 24 used helicopters Mi-17. The contract said that these can be manufactured between 1974-92. The Iraqi inspectors initially highly evaluated the equipment and informed us that they do not have the rights to sign the protocol to collect them," announced Bumar president, Roman Baczyński. (Puls Biznesu, p. 5) A.K.