Cyprus-Forum.com

[insan]

The report, released Thursday by the Independent Inquiry Committee, accused Mr. Sevan of steering oil-for-food contracts to companies run by a friend. The committee is led by former Federal Reserve Board Chairman Paul Volcker.
Mr. Sevan has denied wrongdoing and says he has been made a scapegoat in a politically motivated investigation.
The Volcker panel also said Mr. Stephanides, a Security Council liaison, attempted to steer an inspection contract to the British firm Lloyd's Register.
Mr. Stephanides has not commented on the charges. He is nearing retirement and is expected to leave the organization within the year. He has been placed on leave, at full salary, while the matter is under investigation.
The initial charges against Mr. Sevan and Mr. Stephanides, both nationals of Cyprus, are separate from any criminal charges that may be filed by a U.S. district attorney or prosecutors in other countries.



http://www.washingtontimes.com/world/20 ... -4051r.htm