PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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From: sandintoes	2/9/2005 12:55:33 PM
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Volcker is in this oil for food scandal up to his eyeballs. February 08, 2005 Oil-for-Food: It's all relative Volcker compromised again A gem laid out in Paul Volcker’s tabled Interim Report: Director of the discredited Oil-for-Food Program Benon Sevan, helped steer oil contracts to a relative of former UN Secretary General Boutros-Boutros Ghali. The relative is Ghali’s son, with whom Sevan was in business. And then there’s Sevan’s Panamanian bank account with Boutros Ghali. Ghali was head honcho at the UN in 1966 when Oil-for-Food got underway. He’s also the guy who chose the Banque Nationale de Paris, now known as BNP Paribas, to handle the program’s account. With documented connections to BNP Paribas is the Montreal-based Power Corp, which lists three BNP Paribas members on its International Advisory Council. They are: Michel Francoise-Poncet, Andre Levy-Lang and Pierre Haas. Volcker himself gets paid to attend Power Corp.’s International Advisory Council meetings.

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