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Politics : Politics for Pros- moderated

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From: LindyBill	8/8/2005 3:39:39 PM
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Another shoe dropped. You know how much the NYT hated to publish this. U.N. Inquiry Says Oil-for-Food Chief Accepted Kickbacks By WARREN HOGE Published: August 8, 2005 The commission investigating the United Nations oil-for-food program in Iraq today accused the program's director, Benon V. Sevan, of accepting money from kickbacks in Iraqi oil sales and accused a second United Nations official of soliciting a bribe from a program contractor. The panel, led by Paul A. Volcker, the former Federal Reserve chairman, said that Mr. Sevan had accumulated at least $150,000 in his New York accounts from exploiting the program that he headed and that Alexander V. Yakovlev, a procurement officer, had sought money in exchange for confidential bidding information. While the bribe offer was unsuccessful, the committee said it had turned up "persuasive evidence" that Mr. Yakovlev gained as much as $1.3 million in payments from contractors in other United Nations programs and deposited it in an offshore account. REST AT: nytimes.com

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