Volcker: U.N. Scandal Exposes Corruption

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By EDITH M. LEDERER and NICK WADHAMS, Associated Press Writers Fri Oct 28, 7:18 AM ET

UNITED NATIONS - 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.
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"There's a lot of corruption in the world," Paul Volcker told The Associated Press on Thursday, when he released his scathing final report on the 18-month investigation.

The former
Federal Reserve chairman's team found that more than 2,200 companies and individuals, or about half of all those involved in the humanitarian program, paid kickbacks and illegal surcharges to win lucrative contracts while Iraqi dictator
Saddam Hussein pocketed $1.8 billion

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realy strange

[green_lantern]

thats politic