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Global Reactions Mount Over U.N. Oil-for-Food Report
A sweeping U.N. oil for food probe led by Paul Volcker drew denials and protests from Russia Sweden and other nations while some firms acknowledged dealings in Iraq. Volvo AB admitted payments through an agent but denied bribery. Switzerland France Australia Germany and Italy responded with investigations and comments on the embezzlement and side payments tied to Saddam Hussein’s program. Chairman Leif Johansson and others defended business practices amid allegations of kickbacks and corrupted contracts. Oscar Wyatt Sr. faced New York charges linked to alleged multi million dollar kickbacks in Iraqi contracts.
MENTIONED IN THIS ARTICLE
Moscow
U.N
Saddam Hussein
Iraq
Sweden
Volvo. AB
Irufi
Saddam
Con
Independent Inquiry Committee
U.S. Federal Reserve
Paul Volcker
Russia
Volvo AB
Leif Johansson
Switzerland
France
Texas
Oscar S. Wyatt Sr
Coastal Corp
New York
Volcker
Wyatt