WASHINGTON (Reuters) - A U.S. senator investigating corruption in the U.N. oil-for-food program for Iraq (news - web sites) said on Wednesday U.N. Secretary General Kofi Annan (news - web sites) should resign because the fraud took place on his watch.
Sen. Norm Coleman (news, bio, voting record) of Minnesota, chairman of the Senate Permanent Subcommittee on Investigations, said former Iraqi president Saddam Hussein (news - web sites) reaped some $21.3 billion from the oil-for-food program because of Annan's lack of oversight.
"The decision to call for Mr. Annan's resignation does not come easily, but I have arrived at this conclusion because the most extensive fraud in the history of the U.N. occurred on his watch," Coleman, a first term Republican senator, said in an opinion piece in the Wall Street Journal.
more:
http://us.rd.yahoo.com/dailynews/iraq/export/top2/*
http://story.news.yahoo.com/news?tmpl=story&u=/nm/20041201/pl_nm/un_annan_senator_dc&cid=615&ncid=1480Funny, wonder why he's not worried about the missing billions for which the US was responsible.
MSNBC: What happened to Iraq’s oil money?
Former U.S. official says billions of dollars were ‘squandered’
By Lisa Myers & the NBC investigative unit
NBC News
Updated: 7:21 p.m. ET Nov. 30, 2004After the U.S. invasion of Iraq, the United States took control of all of the Iraqi government’s bank accounts, including the income from oil sales. The United Nations approved the financial takeover, and President Bush vowed to spend Iraq’s money wisely. But now critics are raising serious questions about how well the United States handled billions of dollars in Iraqi oil funds.
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Iraq's oil resources generate billions of dollars — money the United States promised to protect after overthrowing Saddam Hussein.
Now, Frank Willis, a former senior American official in Iraq, tells NBC News the United States failed to safeguard the oil money known as the Development Fund for Iraq.
"There was, in my mind, pervasive leakage in assets of Iraq, and to some extent, those assets were squandered," says Willis.
more:
http://www.msnbc.msn.com/id/6621523