Word: kojo
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...December 1998 the U.N. chose the Swiss company Cotecna to monitor imports of humanitarian goods to Iraq under the oil-for-food program. The following month, newspaper reports revealed that the company had employed Kojo Annan, the son of U.N. Secretary-General Kofi Annan, and raised questions about possible conflicts of interest, which the U.N. denied. The scandal grew when evidence emerged that Saddam Hussein had skimmed some $2 billion from the $65 billion program. Last April Annan asked Paul Volcker, a former chairman of the Federal Reserve, to investigate those issues. In February his panel released its first report...
...management of the oil-for-food program during the reign of Iraq's Saddam Hussein. In the middle of the discussion, a staff member's cell phone rang with unsettling news: another story was about to break, this one about suspicious payments to Annan's son Kojo from the Swiss company Cotecna Inspection S.A., which won an oil-for-food contract in 1998. Annan, a man famously immune to anger, allowed "a look of surprise and dismay to cross his face," says someone who was there, "and his jaw started clenching and unclenching. Then he said very quietly...
...fraud, angering Senators of both parties. Annan appointed Paul Volcker, former chairman of the Federal Reserve Board, to lead a U.N. investigation of the program. Volcker says separate congressional inquiries would impede his work. Investigators are also looking into Cotecna, a Swiss contractor for which Annan's son Kojo worked as a consultant...
...Halliburton, however, the recent scandal from the Oil-for-Food program is quite real. In this instance, while Saddam was skimming money off his side of the budget to pay sympathizers in other countries that kept his regime afloat diplomatically, Kofi made sure a Swiss company where his son, Kojo, was a top consultant won a large contract for the program...
...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...