Jerome Levinson, an expert on political and corporate ethics at American University in Washington, told the Guardian: "The consortium is saying to the Kuwaiti government, 'Through us you have the only chance to realize a substantial part of the debt. Why? Because of who we are and who we know'."
When George Bush appointed Mr Baker, a former secretary of state, as his unpaid envoy on December 5 2003, he called Mr Baker's job "a noble mission". But Mr Baker is also a senior counsellor and an equity partner with a reported $180m stake in the merchant bank and defence contractor the Carlyle Group.
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