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Oil-for-food investigators uncover "gross mismanagement"

[JURIST] Iraq's deputy UN ambassador Fesial al-Istrabadi said Friday that independent investigators have found evidence of "gross mismanagement" and potential corruption in the UN Oil-for-Food program [JURIST news archive] related to currency exchange rates with the fluctuating dinar. Independent Inquiry Committee [official website] investigators, led by former US Federal Reserve Chairman Paul Volcker [Wikipedia profile], have been looking into questionable expenditures by the UN Compensation Commission [official website] and whether the Iraqi government should be paid for overcharges by UN agencies. A spokesperson for the UN said the group would have no comment on the mismanagement allegations until the final report is released as expected in September. AP has more.

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