The Corner

The Heat On Sevan

Looks like Volcker is focusing on Sevan and Sevan already started the scapegoat spin by resigning yesterday:

UNITED NATIONS, Aug 7 (Reuters) – The former head of the

United Nations oil-for-food program, Benon Sevan, was accused

on Monday by a U.N.-established panel of getting nearly

$150,000 in a bribe for an oil deal.

The panel, headed by former U.S. Federal Reserve Chairman

Paul Volcker, recommended U.N. Secretary-General Kofi Annan

waive immunity for “purposes of a criminal investigation” of

Sevan and another U.N. official, named in a separate

complaint.

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