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  • Volcker report: Allegations to be probed (in India)

    11/06/2005 10:20:56 PM PST · by indcons · 2 replies · 505+ views
    NDTV ^ | Monday, November 7, 2005 (New Delhi) | NDTV Correspondent
    As a fallout of the Volcker report, NDTV has learnt that an inquiry will be announced by the government on Monday headed by a former judge. This commission of inquiry will investigate Hamdan Exports, the key agency which the Volcker report claims paid the surcharge or kickbacks on behalf of External Affairs Minister Natwar Singh and the Congress party. UN investigator Paul Volcker in his report said that Singh and the Congress paid bribes to Iraqi authorities to buy oil in the UN sponsored oil-for-food programme. Both have denied Volcker's allegations. Fact-finding probe The government has also announced a fact-finding...