Phone, bank, travel records point to Sevan’s corruption
The Volcker inquiry built its case against Benon Sevan, the head of the UN oil-for-food program, by examining phone, bank and travel records to track the money trail from oil contracts to him.
Bank records show Mr Sevan was in a “precarious” financial position when he became the executive director for the program in October 1997.
He had a tax-free salary of $US129,524, while his wife, who also had a job at the UN, had a tax-free salary of $69,243.
His cheque account was overdrawn 153 times in less than two years.
But by the end of 1998, when oil allocations to a company called AMEP began, things improved. Over the next three years $US147,184 in cash was deposited into his accounts - usually in $US100 bills.
Mr Sevan claimed the money came from an elderly relative in Cyprus, but the inquiry found she was living on a small pension.
The timing of the deposits also bore little resemblance to when she visited New York. But there was a pattern between them and Mr Sevan’s trips to Geneva.
More: smh.com.au



