I respect the right of the Wall Street Journal to keep much of their newspaper on a subscription-only basis, but today’s Oil-for-Food tidbit is too good not to quote:
Among all the leads and clues churned up in the wake of Paul Volcker’s second interim report on the United Nations Oil for Food scandal, one strikes us as especially deserving of further scrutiny. It is the news, first reported by the Financial Times, that in 1999 Secretary-General Kofi Annan’s son Kojo invested $235,000 in an ailing Swiss soccer club called Vevey-Sports and was elected the club’s president. Yet, according to the FT, Kojo had little to do with the club’s management and was never once seen at a match.
The Volcker Committee’s recent report does not address Kojo’s investment in Vevey-Sports. But here’s a question it might wish to pursue: Where did the 25-year-old Annan — who comes from a family of moderate means and who, until 1998, was making some $2,500 a month — get that kind of throw-around money?
Good question, isn’t it? Maybe Senators Dodd and Boxer will go onto that one since “reform” of the United Nations seems so high on their agendas.