Nice piece on the Oil For France, strike that, Oil For Food.
Oil for Food as Usual
The U.N.'s worst critics couldn't invent what the Volcker report reveals.
"The scandal, quote, unquote, is, in my view, nonsense." Thus did Denis Halliday, a former United Nations Assistant Secretary General, opine in November 2004 on the U.N.'s Oil for Food program. With the release Wednesday of Paul Volcker's fourth report on Oil for Food, we have the clearest account yet of what this quote-unquote scandal is really about.
Let's begin with what this scandal is not about, at least not fundamentally. It is not about the dubious business practices of the Swiss Inspections company Cotecna, which was improperly awarded a multimillion-dollar Oil for Food contract while employing Secretary General Kofi Annan's son Kojo, although this taught us something about the nepotism that typifies U.N. dealings. Nor is it about Kofi Annan's personal probity, which had been called into question by evidence that he was aware of, and tried to influence, the Cotecna bid. Mr. Volcker has found no conclusive proof on this score.
In other words, Oil for Food is not about some isolated incidents of perceived or actual wrongdoing during the course of a seven-year effort to maintain sanctions on Iraq, monitor its oil flows and feed its people. Oil for Food is a story about what the U.N. is. And our conclusion from reading the 847-page report is that the U.N. is Oil for Food.
So it was that the largest fraud ever recorded in history came about. Press reports often cite the overall size of Oil for Food at $60 billion, but Mr. Volcker's report makes clear that the real figure was in excess of $100 billion. From this, Saddam was able to derive $10.2 billion from illicit transactions. But the important point is that he was able to steer 10 times that sum toward his preferred clients in the service of his political aims.
The more that comes out, the more sour Jake Chirac's tummy gets.
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