January 22, 2010
by Matt Glenn
US President Barack Obama proposed new banking rules Thursday that he claims would stabilize the banking system and reduce the risk of future bank failures. The legislation would prohibit banks from owning, investing or sponsoring hedge funds, private equity funds, or proprietary trading funds for ...[read more]
April 5, 2006
by James M Yoch Jr
French judicial officials have begun an investigation of the 172 French companies implicated in the UN oil-for-food scandal by the October 2005 report of the UN Independent Inquiry Committee (IIC) chaired by former US Federal Reserve chairman Paul Volcker. French magistrate Philippe Courroye, who ...[read more]
December 23, 2005
by Kate Heneroty
The office of the UN Independent Inquiry Committee (IIC) tasked with investigating the oil-for-food program will remain open an additional three months, until March 31, so prosecutors can assist duly authorized law enforcement and regulatory agencies in cases they may be pursuing against compa... ...[read more]
November 4, 2005
by David Shucosky
Paul Volcker, chairman of the UN Independent Inquiry Committee (IIC) investigating the now-defunct UN oil-for-food program, on Friday laughed off news that the Indian government was investigating a possible lawsuit against the IIC for concluding that Foreign Minister Natwar Singh, as well as Indi... ...[read more]
November 1, 2005
by Sara R. Parsowith
Paul Volcker, chairman of an independent commission probing the now defunct UN oil-for-food program, blamed lapses at the UN on a systemic problem and said he found only limited corruption during his testimony Monday to the US Senate Homeland Security and Governmental Affair... ...[read more]
October 31, 2005
by Kate Heneroty
Australian Prime Minister John Howard asked parliament Monday to establish an independent inquiry into whether any Australian companies paid bribes to Iraqi officials involved in the now defunct UN oil-for-food program. Last week, a UN report issued by an independent panel headed by former US ...[read more]
October 27, 2005
by Chris Buell
More than 2,000 companies around the world paid $1.8 billion in illegal kickbacks to the regime of Saddam Hussein in abusing the now defunct UN oil-for-food program, according to parts of a UN investigation obtained Thursday by the Associated Press. The Independent Inquiry Committee (IIC), led by... ...[read more]
October 18, 2005
by James M Yoch Jr
Members of the Independent Inquiry Committee created to investigate the United Nations Oil-for-Food Programme discussed their findings and recommendations with the US Senate Foreign Relations Committee in testimony on Tuesday. The committee, formed in April 2004, investigated the program for more ...[read more]
September 6, 2005
by Holly Manges Jones
The final report of the Independent Inquiry Committee investigating the now defunct UN Oil-for-Food program will show that corruption and inefficiencies lead to the program's failure, according to an advanced copy obtained by AP. The report is said to conclude that both the UN Secretariat and ...[read more]
July 16, 2005
by Holly Manges Jones
Iraq's deputy UN ambassador Fesial al-Istrabadi said Friday that independent investigators have found evidence of gross mismanagement and potential corruption in the UN Oil-for-Food program related to currency exchange rates with the fluctuating dinar. Independent Inquiry Committee i... ...[read more]

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