Kojo Annan, son of UN Secretary General Kofi Annan, was until February paid by a buyer of Iraqi oil under the UN "oil for food program," now the focus of a fraud probe, a UN spokesman said Friday.
The younger Annan had earlier been named as a former employee of the Swiss corporation Cotecna until 1998, and it was known that he was paid until 1999. However, it was not previously known that he was on the payroll until February last year, just after the scandal broke.
Spokesman Fred Eckhard said Kojo Annan's lawyer, in response to a question from a reporter from the New York Sun, had confirmed the later date.
"The lawyer confirmed that indeed it was so," Eckhard said.
"He explained that it was part of an open-ended, no-compete contract between Cotecna and Kojo, and said that they had made this information known to the Volcker commission, so it's in the hands of the Volcker commission," he said, referring to former US Federal Reserve Chairman Paul Volcker, who head the inquiry.
"This runs counter to what we had told you, because it had been our information that those noncompete contract payments had ceased at the end of 1999. I can't explain it," the spokesman said.
"All I can say is it'll have to be now for Paul Volcker to explain it, and clearly the information is in his hands."
Under the program, which ran from December 1996 until this month, 248 companies in several nations bought Iraqi oil in contracts worth US$64.2 billion, the committee said.
In all, 3,545 companies exported goods worth US$32.9 billion to southern and central Iraq, and 941 other companies exported US$6.1 billion's worth to northern Iraq.
The oil-for-food plan allowed former Iraqi president Saddam Hussein's regime to ease the burden of international sanctions by selling oil to buy humanitarian supplies.
But it mushroomed into the largest aid program in UN history, and critics say Saddam abused the program by evading sanctions and offering vouchers for oil as bribes to hundreds of officials from different countries.
Among those under suspicion of having accepted payments from Saddam in return for support against the US-led war are businessmen and politicians in France and Russia, both permanent members of the UN Security Council.
The newspaper said the Swiss company paid Kojo Annan around US$2,500 per month.
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his
ADVERSARIES: The new list includes 11 entities in China and one in Taiwan, which is a local branch of Chinese cloud computing firm Inspur Group The US added dozens of entities to a trade blacklist on Tuesday, the US Department of Commerce said, in part to disrupt Beijing’s artificial intelligence (AI) and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the commerce department citing their “activities contrary to US national security and foreign policy.” Those added to the “entity list” are restricted from obtaining US items and technologies without government authorization. “We will not allow adversaries to exploit American technology to bolster their own militaries and threaten American lives,” US Secretary of Commerce Howard Lutnick said. The entities
Minister of Finance Chuang Tsui-yun (莊翠雲) yesterday told lawmakers that she “would not speculate,” but a “response plan” has been prepared in case Taiwan is targeted by US President Donald Trump’s reciprocal tariffs, which are to be announced on Wednesday next week. The Trump administration, including US Secretary of the Treasury Scott Bessent, has said that much of the proposed reciprocal tariffs would focus on the 15 countries that have the highest trade surpluses with the US. Bessent has referred to those countries as the “dirty 15,” but has not named them. Last year, Taiwan’s US$73.9 billion trade surplus with the US
Prices of gasoline and diesel products at domestic gas stations are to fall NT$0.2 and NT$0.1 per liter respectively this week, even though international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices continued rising last week, as the US Energy Information Administration reported a larger-than-expected drop in US commercial crude oil inventories, CPC said in a statement. Based on the company’s floating oil price formula, the cost of crude oil rose 2.38 percent last week from a week earlier, it said. News that US President Donald Trump plans a “secondary