Corruption - U.N. - Scandal Exposes Corruption
UNITED NATIONS,NY,USA -channels.netscape.com/AP, by EDITH M. LEDERER and NICK WADHAMS -28 =ct 2005: -- Fraud in the U.N. oil-for-food scheme for Iraq reached from French politicians to a former Vatican aide and name-brand companies, sending a sobering message about the state of global business, the chief investigator said after publishing his conclusions on what went awry... "There's a lot of corruption in the world", Paul Volcker told, when he released his scathing final report on the 18-month investigation... The investigators found that companies and individuals from 66 countries paid illegal kickbacks using a variety of methods, and those paying illegal oil surcharges came from, or were registered in, 40 countries... The report named some high-profile individuals and companies including a former French interior minister, Charles Pasqua; Rev. Jean-Marie Benjamin, a priest who once worked as an assistant to the Vatican secretary of state and opposed Iraqi sanctions; carmakers DaimlerChrysler AG, Volvo and South Korea's Daewoo International; and industrial giants Siemens AG... It also alleged oil companies including Texas-based Bayoil and Coastal Corp., Russian oil giant Gazprom, and Lukoil Asia Pacific, a subsidiary of Russia's Lukoil were caught up in the scandal... The report gave several examples of just how companies and Saddam colluded to manipulate the program... When the final contract for the van was submitted for U.N. approval, the price of the truck was inflated to include that amount. That meant that the U.N. fund ended up paying DaimlerChrysler for the kickback...
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