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Originally posted by djohnsto77
The UN has not yet revealed what disciplinary actions it will take against Sevan.
The oil-for-food programme was set up in late 1996 to allow civilian goods into Iraq in an effort to ease the impact on ordinary Iraqis of UN sanctions dating back to 1990.
Some $69 billion in proceeds from Iraqi oil sales passed through the programme before it was shut down in 2003, a few months after the US-led invasion of Iraq.
Originally posted by Souljah
now thats ALOT of food you get for almost 70 billion dollars!
i wonder where that "food" went anyway,
or should i say, where that "money" went!
The men - Benon V. Sevan, a Cypriot official who ran the program until its end in 2003, and Joseph J. Stephanides, a senior official on the Security Council staff who supervised contractor selection - will continue to receive pay, said Fred Eckhard, the spokesman for Secretary General Kofi Annan. The decision was made Friday, and both men were told then, he said.
Source: New York Times
Originally posted by AceOfBase
In the report, they mention that $18 billion went to Kuwait for compensation claims, there was hundreds of millions per phase spent on spare parts for their petroleum industry, about $1 billion was used by the UN to administer the program and there was billions left in the bank at the end of the program.