(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.
Creditors club set up for Iraqi debt
(May 6, 2004) Two London-based companies specialising in illiquid emerging market debt have set up a committee to represent holders of unpaid Iraqi trade debt.
Spotlight falls on corruption in Sierra Leone
(May 6, 2004) A government survey in Sierra Leone has revealed that the West African country’s public sector is still riddled with corruption, despite warnings from international donors that they would slash much-needed aid if the scourge was not tackled.
Geldof: Why is Africa still dying?
(May 5, 2004) Nearly two decades and a knighthood later, Sir Bob Geldof went to London’s Downing Street this week with much the same message as the one he issued during his Live Aid broadcast in 1985. "Why is Africa the lone continent that is getting poorer?" Geldof asked, after attending the first meeting of UK Prime Minister Tony Blair’s Commission for Africa – a personal initiative launched by Blair to save a continent from destruction.
The Volcker excuse
(May 5, 2004) The UN tries to obstruct Congress’s Oil for Food probe.
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