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Keyword: banquenational
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PROBE INTO UN IRAQ OIL SCHEME QUESTIONS CHOICE OF FRENCH BANK (The French Connection)
UNITED NATIONS, Feb 3 (AFP) - An independent inquiry into the UN oil-for-food programme in Iraq questioned Thursday former secretary general Boutros Boutros-Ghali's choice of a French bank to handle the immense sums of money involved in the scheme. Boutros-Ghali selected the Banque National de Paris (BNP) in 1996 even though it was not the lowest bidder for the contract to manage the programme's escrow account, the inquiry committee said in an interim report. Moreover, neither Boutros-Ghali nor any other appropriate official justified in writing the rejection of the lowest acceptable bidder as being in the interests of the United...
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