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Keyword: oilforfoodun

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  • U.N. oil-for-food probe accuses 2,200 companies of making illicit payments to Iraq

    10/28/2005 7:34:40 AM PDT · by Valin · 26 replies · 788+ views
    UNITED NATIONS (AP) - In a scathing final report documenting massive corruption in the U.N. oil-for-food program, investigators accused more than 2,200 companies and prominent politicians of colluding with Saddam Hussein's regime to bilk the humanitarian operation of US$1.8 billion (¤1.5 billion). The 623-page document exposed the global scope of a scam that allegedly involved such name-brand companies as DaimlerChrysler and Siemens AG, as well as a former French U.N. ambassador, a firebrand British politician and the president of Italy's Lombardi region. It meticulously detailed how the US$64 billion (¤52.76 billion) program became a cash cow for Saddam and more...
  • UN chief braces for potentially embarrassing report on oil-for-food scandal

    09/05/2005 9:01:19 AM PDT · by Valin · 11 replies · 621+ views
    UNITED NATIONS (AFP) - The most detailed report on the corruption-sullied UN oil-for-food program for Iraq was due for release Wednesday in what could prove an embarrassment for UN chief Kofi Annan one week before he is to host a world summit here. The lengthy report by an independent panel led by former US Federal Reserve chairman Paul Volcker will be the fourth so far on the scandal, which has tarnished the United Nations. The release could not have come at a worse time for the secretary general, who is to host world leaders at a September 14-16 summit aimed...