(May 18, 2004) Two competing requests for proposals (RFPs) from two governing authorities adds up to confusion for Big Four auditors.
Other News Sources
US and Iraq spar over who should run corruption inquiry into oil-for-food program
(May 17, 2004) Iraq’s political leaders are sparring with the American occupation administration over who should investigate possible official and corporate corruption in the United Nations oil-for-food program.
Human rights as World Bank loan condition?
(May 16, 2004) James Wolfensohn, president of the World Bank, is to take on the board of the finance giant in order to force developing countries to improve their human rights records.
Poorest pay for World Bank corruption: US senator
The World Bank has lost about 100 billion dollars slated for development in the world’s poorest nations to corruption since 1946, nearly 20 percent of its total lending portfolio, according to a U.S. Senate committee.
Arafat’s money secrets
(November 12, 2004) Estimates of the Palestinian leader’s wealth vary from next to nothing to half a billion dollars.
$100 billion lost to corruption in World Bank projects: US senator
(May 14, 2004) Corruption may have cost lending projects to help poor countries as much as $100 billion, the chairman of the Senate Foreign Relations Committee said Thursday.
Lugar: Corruption cost World Bank $130B
(May 13, 2004) As much as $130 billion may have been lost due to corruption in World Bank loans, the chairman of the Senate Foreign Relations Committee said Thursday.
Forgotten scandal: the UN’s Oil for Food Program
(May 13, 2004) The world’s obsession with the Iraqi prison abuse story has obscured what could be one of the most expensive scandals in the history of the world: the United Nations’ Oil for Food program.
US court drops many charges against Ukrainian ex-premier
(May 12, 2004) The trial of former Ukrainian Prime Minister Pavlo Lazarenko is the second case in history of a former foreign leader being put on trial in the United States.
Firms square-up over Iraq debt
(May 11, 2004) BDO Stoy Hayward and Ernst & Young are likely to face each other on opposite sides of the fence as they attempt to unravel Iraq’s long-term debts.
Accountant aids creditors owed billions by Iraq
(May 10, 2004) A London-based accountancy is forming a creditors committee to represent companies from across the world hoping to recover billions of dollars in debt owed by Iraq.
The U.N.’s corruption of Iraq’s ‘Oil for Food’
(May 10, 2004) The oil-for-food program for Iraq was the largest humanitarian-aid program ever undertaken by the United Nations. It appears it also provided the largest opportunity for corruption.
President backs probe of U.N. scandal
(May 10, 2004) President Bush wants investigators to get to the bottom of the oil-for-food scandal at the United Nations, which National Security Adviser Condoleezza Rice says may have originated in a “corrupt underworld.”
Iraqi Central Bank confirms commitment to former regime’s financial obligations
(May 10, 2004) Faleh Dawood Suleiman, the deputy governor of the Iraqi Central Bank has assured that the Central Bank will not back off from its financial commitments inherited from the previous regime and will give everyone his rights.
UK banker overseeing oil-for-food probe demands more US assistance
(May 7, 2004) A UK banker heading the inquiry into allegations of corruption within the UN-administered oil-for-food program has reportedly claimed that politically motivated delays are obstructing the investigation.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
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Probe International 