Dubai and Iran involved in Food for Oil Scandal of Iraq (Edition-1)(7948)

Dubai and Iran involved in Food for Oil Scandal of Iraq (Edition-1)(7948)

[Kishor Aggarrwal]

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Dubai and Iran involved in Food for Oil Scandal of Iraq (Edition-1)(7948) 


This is the biggest scandal of centuries. U.N. agencies working under the oil-for-food program squandered millions of dollars through suspect overpayment to contractors, mismanagement of purchasing and assets, and fraud by its employees. 
UN-Habitat was one of nine U.N. agencies that helped to implement humanitarian aid in Iraq under the $60 billion oil-for-food program that was created as a humanitarian exemption to sanctions imposed on Iraq after the 1990 invasion of Kuwait, which led to the 1991 Gulf War. Beginning in 1996, it allowed Saddam Husseins government to sell oil and use the proceeds to buy food, medicine and other items.
Despite previous statements to the contrary, the son of U.N. Secretary-General Kofi Annan is now said to admit he did indeed play a role in the scandalized oil-for-food program with Iraq, and thats prompting a call for his testimony before the U.S. Congress. 
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Another Financial Scam of Punjab National Bank under leadership of S S Kohli, Chairman Cum Managing Director (Edition –1) (9047)


Numerous Financial Scams of Punjab National Bank Punjab under the leadership of Mr. S S Kohli, the Chairman Cum Managing Director and Mr. Naraynsami, as Executive Director of the Bank have been published in this channel and other news channels. In this series we are herewith publishing another financial fraud planned by Mr S S Kohli, Mr. Narayansami and their trusted lieutenants. 
We are in possession of the documents that proves that Punjab National Bank sanctioned loans of more than Rs. 30.00 Crores to one single group in different names. The Proposal of the Projects was arranged in such a fashion to avoid route of board approval. One Single Project, owned by one group was divided into small projects and Rs. 30.00 Crores was sanctioned and disbursed into different cut projects. Rs. 30 Crores was sanctioned and disbursed with full knowledge of Mr. S S Kohli and Mr. Naraynsami to one family but under the umbrella of different names.
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