The Magazine

The Buck Still Hasn't Stopped

From the October 3, 2005 issue: The Volcker report on Oil-for-Food is sadly incomplete.

Oct 3, 2005, Vol. 11, No. 03 • By CLAUDIA ROSETT
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It's all enough to raise questions about the agenda of the Volcker probe itself. As it happens, Rep. Henry Hyde's Committee on International Relations is planning to do just that. Hyde's investigators expect to focus on, among other things, why one of Volcker's lead investigators, Robert Parton, defected this past April with boxes of evidence. Parton explained via his lawyer that he had resigned on "principle" because the second of Volcker's three interim reports had been too soft on Annan. Volcker went through the courts to silence Parton, but that arrangement is about to end. Hyde's inquiry is expected to issue a report on the United Nations later this fall. Coleman's investigators into Oil-for-Food are also due to check in. Federal prosecutors have issued a number of indictments related to U.N. corruption. And--who knows?--Volcker next month gets one more chance.

Claudia Rosett is a journalist-in-residence with the Foundation for the Defense of Democracies.