By NILES LATHEM Post Correspondent
October 27, 2005 -- WASHINGTON — An explosive report by a U.N.-appointed independent inquiry commission is expected to trigger criminal prosecutions of international businessmen and political figures who helped Saddam Hussein scam the U.N. oil-for-food program.
The report, by former Federal Reserve Board Chairman Paul Volcker, is due to be released today. It's expected to name the hundreds of individuals and companies who participated in sleazy bribery and kickback schemes that allowed Saddam to rip off $11 billion from the humanitarian program.
Justice Richard Goldstone, a member of the Volcker panel, said recently the probe has found some evidence of wrongdoing on the part of 2,500 of the 4,000 companies that did business with the aid program.
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