Word: benon
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Dates: during 2000-2009
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...hope that foreign governments would have the U.N. sanctions revoked. According to a September CIA report, the biggest beneficiaries of those vouchers were businesspeople from France, Russia and China, including a former French Interior Minister and members of the Russian parliament. The most serious charge is that Benon Sevan, the U.N. administrator from Cyprus who managed the $64 billion oil-for-food program, illegally received more than 7 million bbl. of oil, although Sevan has denied doing so. Investigators accuse Banque Nationale de Paris, where the U.N. held the money for the oil-for-food program, of failing to monitor...
...than $10 billion from the program, according to the U.S. General Accounting Office. One veteran U.N. reporter has predicted that “it could be the biggest financial crime in the history of humankind.” The scandal implicates, among others, U.N. Oil-for-Food executive director Benon Sevan, French and Russian oil contractors, and possibly even Kojo Annan, Kofi’s son. When all is said and done, the Oil-for-Food disgrace might be where the U.N.’s credibility meets its Waterloo...