Oil-for-food investigators uncover "gross mismanagement"

[JURIST] 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 [JURIST news archive] related to currency exchange rates with the fluctuating dinar. Independent Inquiry Committee [official website] investigators, led by former US Federal Reserve Chairman Paul Volcker [Wikipedia profile], have been looking into questionable expenditures by the UN Compensation Commission [official website] and whether the Iraqi government should be paid for overcharges by UN agencies. A spokesperson for the UN said the group would have no comment on the mismanagement allegations until the final report is released as expected in September. AP has more.

 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.