UNITED NATIONS, May 19 (UPI) -- A third report on the scandal engulfing the U.N. oil-for-food program, due in August or September, promises new revelations, a U.N. source said Thursday.
The report, based on an inquiry by former U.S. Federal Reserve Chairman Paul Volker and undertaken at the request of the United Nations, attempts to track down the more than $15 billion allegedly siphoned off illegally from the U.N. program designed to supply food and medicine to Iraqis from authorized Iraqi oil sales.
The source said the Volker investigation has been slowed by the volume of paperwork, much of it seized from the archives of Saddam Hussein's regime and written in Arabic, requiring translation.
So far the inquiry -- one of several into the scandal -- has cost more than $16 million with the end not yet in sight. More reports from Volker are expected well into 2006.
