“NEW YORK – A Texas businessman is one of three people who were indicted Thursday as part of the U.N.’s Oil-for-Food scandal.
David B. Chalmers, head of Texas-based Bayoil, which participated in oil deals through the program, is the sole American among the three. Chalmers is expected in federal court later on Thursday.”

This move would seem to give some credence to the Forbes Mag report of last November:

A favorite rondo customer–and a point of entry to the U.S. market–was a Houston company, Bayoil. It participated in 32 Iraqi oil trades with Alfa companies between August 1999 and December 2000. Bayoil also bought directly from Saddam. Saddam had been dealing with Bayoil owner David Bay Chalmers Jr. before. During the 1980s Iran-Iraq war Bayoil apparently got a fee of $2 a barrel for brokering 20 million barrels of Iraqi oil to the Chilean arms dealer Carlos Cardoen, as recounted in FORBES (Jan. 30, 1995). Bayoil has been subpoenaed to provide information about the oil-for-food program to the Senate Permanent Subcommittee on Investigations, says a spokesman for Congressman Henry Hyde’s International Relations Committee.

Of course this will develop.
But will we see Kofi behind bars as we ought?