Skip to comments.Kojo's new car
Posted on 09/06/2005 4:19:46 PM PDT by Halfmanhalfamazing
As Paul Volcker put the finishing touches last week on his final report on the U.N.'s role in the oil-for-food scandal, investigators continue to uncover details about Kojo Annan's links with Cotecna, the company at the center of the influence-peddling inquiry.
In late 1998, U.N. sources say, Kojo, son of U.N. Secretary-General Kofi Annan, got a $3,000 loan from a friend for a down payment on a sporty green Mercedes ML 320 in Geneva, Switzerland. The friend was Michael Wilson, then a vice president of Cotecna, the firm that not only employed Kojo but also won millions of dollars in U.N. contracts, including one, signed within two months after the down payment was made, to monitor the oil-for-food program in Iraq. About the same time Wilson's wife bought a car from the Swiss dealer, Kojo Annan wound up paying $39,000 for his Mercedes, getting $15,000 in help from his dad plus a $6,000 "diplomatic" discount by falsely claiming that his father was the car's owner. He later shipped the vehicle to his native Ghana, again using his father's diplomatic status to avoid paying $14,000 in customs duties.
The UN-living proof Barnum was right. The Anan's made bank off the oil for food scam.
THRIFTY YOUNG MAN.
1. STILL depending on dad.
P T Barnum started out with humbug. Then he went bigtime. These artists are already bigtime.
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