Kojo Annan, the son of U.N. Secretary-General Kofi Annan, received at least $300,000 from a Swiss company that was awarded a contract from the U.N. oil-for-food program in Iraq, almost double the amount previously disclosed, two newspapers reported in Wednesday's editions. The London-based Financial Times and the Italian business newspaper Il Sole 24 said the payments "were arranged in ways that obscured where the money came from or whom it went to."
The two papers, which conducted a joint investigation, also reported that the secretary-general met top executives of the company, Cotecna Inspection S.A., twice before the oil-for-food contract was awarded in December 1998 and once afterwards. Former U.S. Federal Reserve Chairman Paul Volcker, who is conducting an independent investigation of alleged corruption in the oil-for-food program, is scheduled to release an interim report on March 29 detailing his findings about whether or not Kofi Annan and Kojo Annan committed any wrongdoing. The secretary-general, his son, and Cotecna, all deny any wrongdoing. |