Jul 16 2005
From the ‘Duh’ Files – OFF Mismanagement
Here’s a shocker (put your coffee down now)…
Investigators probing the U.N. oil-for-food program have found evidence of “gross mismanagement” and possible corruption by the U.N. agency that oversaw compensation for victims of Iraq’s 1990 invasion of Kuwait, Iraq’s deputy U.N. ambassador said Friday.
It’s good to see the AP is staying up on these things. Some details are provided
But Fesial al-Istrabadi told The Associated Press that the investigators found the allegations were legitimate, particularly in how the commission handled currency exchange rates with the Iraqi dinar. It had fluctuated wildly in recent years.
“There appear to have been some irregularities that are at the very least gross mismanagement at the level of currency exchange,” al-Istrabadi told The Associated Press.
Its called cooking the books.
U.N. audits released in January had found that the U.N. Compensation Commission overpaid various parties more than $5 billion.
The commission had disputed that, but investigators told al-Istrabadi that there did in fact appear to have been wrongdoing.
So the commission wanted to white wash, but there was too much evidence to ignore…
Why are we paying for this International Money Laundering scheme?
CARNIVAL OF THE CLUELESS #6
Summer in the Midwest has arrived with a vengeance as heat, humidity, and electricity bills are all on the rise. Also arriving, as if on cue, are what we used to call “The DC Follies.” It seems that as the temps rise in Washington, D.C. th…