Inquiry Accuses Former U.N. Oil-Food Chief
Posted on: Monday, 8 August 2005, 15:00 CDT
An independent inquiry into U.N.'s Iraq Oil-for-Food Program says former program head Benon Sevan, received kickbacks.
Additionally, a third interim report released Monday by Independent Inquiry Committee Chairman Paul Volcker recommends U.N. Secretary-General Kofi Annan grant requests by law enforcement agencies to waive immunity for Sevan, who resigned Sunday, and Alexander Yakovlev, a former procurement officer for the world organization, and assist in their prosecution for illegally making money off the program.
We are a fact-finding body, not a law enforcement agency, Volcker told reporters in releasing the report.
Sevan, a Cypriot, was accused of acting in concert to gain payments with Middle East Petroleum principals Fred Nadler, a Sevan friend; and Fakhry Abdelnour, a relative of Nadler's. Yakovlev, a Russian, was named for acting with Yves Pintore, a French businessman, with soliciting and accepting illegal payments.
Nadler is a brother-in-law of former U.N. Secretary-General Boutros Boutros-Ghali and Abdelnour is a cousin of Boutros-Ghali.
Volcker, former head of the U.S. Federal Reserve Board promised more details in further reports in the next two months on activities of others including Annan and his son Kojo Annan.
Source: United Press International
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