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Good Intentions Corrupted The Oil for Food Scandal and the Threat to the Un

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ISBN-10: 1586484729

ISBN-13: 9781586484729

Edition: 2006

Authors: Paul A. Volcker, Mark Califano, Jeffrey MEYER

List price: $21.99
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Description:

Despite its good intentions, mismanagement and corruption plagued the UN's Oil-for-Food Program: - More than 2,200 companies paid $1.8 billion in illegal surcharges and kickbacks to the Iraqi regime - The UN Security Council stood by as the Iraqi regime outright smuggled about $8.4 billion of oil during the Program years in violation of UN sanctions - The Iraqi regime steered oil contracts for political advantage by giving rights to buy oil to dozens of global political figures sympathetic to Iraq's goal to loosen or overturn the UN sanctions - UN-related humanitarian agencies collected tens of millions of dollars for costs they never incurred, and some built factories in Iraq that weren't…    
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Book details

List price: $21.99
Copyright year: 2006
Publisher: PublicAffairs
Publication date: 8/29/2006
Binding: Paperback
Pages: 320
Size: 5.47" wide x 8.43" long x 0.75" tall
Weight: 0.792
Language: English

#60;b#62;GEORGE SOROS#60;/b#62; is Chairman of Soros Fund Management, which serves as the principal investment advisor to the multibillion dollar Quantum Group of Funds. Soros's flagship Quantum Fund is recognized as the most successful investment fund ever, returning an average 31 percent annually for more than thirty years. Soros has been an important philanthropist since 1979. His charitable foundations are active in more than fifty countries and spend nearly half a billion dollars each year to support projects in education, public health, civil society development, human rights, and many other areas.

Introduction : the United Nations at risk
Destined for corruption : the creation of the UN oil-for-food program
Politics and perfidy in procurement : the UN's selection of banking and inspection contractors
Son of the secretary-general : family ties and a new inspection company
Saddam's slush fund : oil allocations and surcharges
Kickbacks-for-contracts : Iraq's collection of kickbacks on humanitarian contracts
Stumbling in the security council : the failure to redress program abuses
"The story will quickly turn negative" : maladministration and corruption at the UN
Major conclusions and recommendations by the independent inquiry committee
About the independent inquiry committee