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UNITED NATIONS (AP) - An eagerly awaited first report by former U.S. Federal Reserve chairman Paul Volcker into alleged corruption in the U.N. oil-for-food program in Iraq will be sharply critical of U.N. management in key areas and will target Benon Sevan, who ran the program, a source close to the investigation told The Associated Press on Wednesday. The Volcker report, to be released Thursday afternoon, will focus on the administration, financial transactions, and internal auditing of the $60 billion program, all of which were "tainted badly," said the person with knowledge of the report. The interim report will not...

In the scandal over the U.N. Oil-for-Food program in Iraq, Kofi Annan's main line of defense has been that he didn't know. Perhaps he should take a closer look at internal U.N. Oil-for-Food audit reports, more than 50 in all, produced by his own Office of Internal Oversight Services--the same reports he's declined to share with the Security Council, or release to Congress. One of these reports has now leaked. It concerns the U.N. Secretariat's mishandling of the hiring of inspectors to authenticate the contents of relief shipments into sanctions-bound Iraq. (Obtained by a journalist specializing in the mining industry,...

WASHINGTON — Documents seen by FOX News suggest a conflict of interest may exist between Kofi Annan's (search) son, the Swiss company he worked for and the United Nations. Congressional investigators are examining those records and thousands of pages of others as part of their probe into the controversial U.N. Oil-for-Food (search) program. FOX News was permitted to review some documents but not make copies. Kojo Annan (search), the son of the U.N. secretary general, claims he has never been involved directly or indirectly with any business related to the United Nations. And Cotecna Inspection S.A., the company Kojo worked...