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WASHINGTON — The head of the United Nations' in-house investigation into the Oil-for-Food (search) scandal says it could lead to criminal prosecution in the U.S.
Paul Volcker (search) told FOX News that he believes his investigation could uncover evidence that will be turned over to Justice Department prosecutors now weighing possible criminal cases.
In an exclusive interview, Volcker said he's getting the cooperation of people across the globe as he delves into how the United Nations let Saddam Hussein (search) get away with illegally turning the Oil-for-Food program into his own personal multibillion-dollar piggybank. Saddam allegedly stole an estimated $21 billion from the U.N. program and from oil smuggling.
Volcker is also investigating allegations that a high-ranking U.N. official was bribed by Saddam. Congress this week has held two hearings probing the scandal-ridden program.
Volcker defended his decision not to provide 55 U.N. audits of Oil-for-Food, or let U.N. officials testify at Senate Oil-for-Food hearings, saying that doing so now could hurt his own investigation. But he vowed everything will become public when he issues his final report next year.
The Senate Subcommittee on Investigations wants to question Benon Sevan (search), the former head of the program, who has been accused of — but denies — receiving $1 million in bribes while running Oil-for-Food. Volcker said his team will take on Sevan, as well.
And we were waiting for a UN resolution for iraq...yeah right in your ass!

Paul Volcker (search) told FOX News that he believes his investigation could uncover evidence that will be turned over to Justice Department prosecutors now weighing possible criminal cases.
In an exclusive interview, Volcker said he's getting the cooperation of people across the globe as he delves into how the United Nations let Saddam Hussein (search) get away with illegally turning the Oil-for-Food program into his own personal multibillion-dollar piggybank. Saddam allegedly stole an estimated $21 billion from the U.N. program and from oil smuggling.
Volcker is also investigating allegations that a high-ranking U.N. official was bribed by Saddam. Congress this week has held two hearings probing the scandal-ridden program.
Volcker defended his decision not to provide 55 U.N. audits of Oil-for-Food, or let U.N. officials testify at Senate Oil-for-Food hearings, saying that doing so now could hurt his own investigation. But he vowed everything will become public when he issues his final report next year.
The Senate Subcommittee on Investigations wants to question Benon Sevan (search), the former head of the program, who has been accused of — but denies — receiving $1 million in bribes while running Oil-for-Food. Volcker said his team will take on Sevan, as well.
And we were waiting for a UN resolution for iraq...yeah right in your ass!

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