U.N. Audits Detail Oil-for-Food Overpayments
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Failures in U.N. management of the Iraq oil-for-food program may have permitted excess payments of hundreds of millions of dollars to governments and companies, according to 55 internal audits of the humanitarian program. The excess payments were made even as then-President Saddam Hussein was stealing billions from the program.
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NEW YORK -- The UN oil-for-food program chief, under scrutiny for alleged corruption and mismanagement, blocked a proposed audit of his office around the same time he is accused of soliciting lucrative oil deals from Iraq, investigators said. A UN auditing team, which was severely understaffed, said running the $64 billion oil-for-food program was ''a high-risk activity" and a priority ...
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UNITED NATIONS -- The United Nations diplomat who ran Iraq's "oil-for-food program" engaged in "ethically improper" behavior, and the program flouted the world body's financial and purchasing rules, a UN panel found in a preliminary report yesterday.
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The Bush administration, which earlier backed Secretary-General Kofi Annan in the U.N. oil-for-food scandal, on Tuesday demanded he be held accountable for mismanagement in the program.
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Oil wealth can often lead to corruption, according to the latest survey by anti-corruption campaign group Transparency International.
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A key probe into the U.N.  oil-for-food program in Iraq was sharply critical of U.N.  management and found that the U.N. official running the  operation had steered oil contracts to a particular firm.
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Investigators probing alleged corruption at the United Nations oil-for-food program are scrutinizing thousands of pages of U.N. Secretary-General Kofi Annan's documents, including e-mail and phone records, to determine whether he exerted influence in securing a contract for a Swiss company that employed his son.
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A House subcommittee investigating the United Nations oil-for-food program expanded its inquiry on Tuesday to the Bush administration&#39;s postwar stewardship of Iraq&#39;s oil money.
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Secretary-General Kofi Annan on Wednesday said the United Nations will use &#36;30 million in revenue from the U.N. oil-for-food program for Iraq to pay the initial bill for the independent investigation of corruption allegations in the program.
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The chairman of a House subcommittee investigating the United Nations&#39; oil-for-food program in Iraq said in a statement yesterday that Secretary General Kofi Annan&#39;s son received reimbursements
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Dramatic rises in international food prices are threatening millions of people in poor countries, the UN warns.
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U.S. handling of Iraq's oil money after the defeat of Saddam Hussein was marked by weaknesses including problems tracking oil production and cash, a watchdog told the U.N. Security Council on Friday, diplomats said.
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Saddam Hussein diverted money from the U.N. oil-for-food program to pay millions of dollars to families of Palestinian suicide bombers who carried out attacks on Israel, say congressional investigators who uncovered evidence of the money trail.
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The difficulty of finding out who paid kickbacks in the U.N. oil-for-food program is illustrated by two Liechtenstein-based firms, Alcon Petroleum and Fenar Petroleum.
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U.S. oil companies received lucrative vouchers that enabled them to buy Iraqi oil under the U.N. oil-for-food program.
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The independent panel investigating alleged corruption in the multibillion-dollar U.N. oil-for-food program in Iraq released the names of 248 companies on Thursday that received Iraqi oil and 3,545 companies ...
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A Senate panel says it has obtained Iraqi documents providing new evidence that the former head of the U.N. oil-for-food program made up to &#36;1.2 million through oil deals with Saddam Hussein's government.