Bar-Ilan University, just outside of Tel Aviv, has awarded an honorary doctorate to billionaire Marc Rich, who was pardoned of tax evasion charges by President Clinton in 2001 and founded of an oil trading firm under investigation for dealings with Saddam Hussein.
In 1983, Rich left the U.S. for Switzerland after he was charged with tax evasion and illegal oil trading with Iran. Clinton pardoned Rich of all criminal charges on his last day in office in 2001.
In 2005, a commission investigating the U.N. oil-for-food scandal concluded the Marc Rich Group – a Swiss-based oil trading firm – illegally gave kickbacks to Iraqi officials under Saddam.
Swiss authorities launched an investigation, which is still ongoing. The company has denied the accusations.
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