Volcker's report found "convincing and uncontested evidence" that selection of the three U.N. contractors for the oil-for-food program — Banque Nationale de Paris, Saybolt Eastern Hemisphere BV, and Lloyd's Register Inspection Limited — did not conform to established financial and competitive bidding rules.
I haven't heard jack about how Lloyd's came to get the boot. Or how Kojo managed to get a job with Cotecna just in time to take advantage of Lloyd's getting the boot.
I haven't heard beans about Paribas, either. And that's even more interesting.
Cotecna and Kojo's fiddling is just the tip of the iceberg, amounting to a fraction of a percentager point of the total money that was 'distributed'.
The OFF scandal---bad as it is---is just the tip of the iceberg.