OIL FOR FOOD – MAIN VOLCKER REPORT

BY KEITH NUTHALLTHE RELEASE of the main report of the Volcker inquiry into the United Nations' oil for food scandal could strengthen reformers within the global body seeking tougher auditing controls and greater independence for its secretariat. It blamed administrative complexity involving shared powers over the Oil for Food Programme by the UN Security Council and its secretariat for creating a power vacuum, readily filled by Iraq's former Saddam Hussein regime. "Sadly, those weaknesses were aggravated by unethical and corrupt behaviour at key points", Volcker ...


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