report on programme manipulation - Independent Inquiry Committee

INDEPENDENT INQUIRY COMMITTEE INTO THE UNITED NATIONS OIL-FOR-FOOD PROGRAMME
REPORT ON PROGRAMME MANIPULATION
CHAPTER TWO
OIL TRANSACTIONS AND ILLICIT PAYMENTS
Figure: Fenar invoice to Taurus (Apr. 17, 2002); Petrocorp invoice to Fenar (May 25, 2002).
Finally, during 2001 and 2002, $8.8 million was transferred from the Petrocorp and Jabal
accounts to Mr. Ladki’s personal account at the Cairo Amman Bank in Beirut. From his personal
account, Mr. Ladki transferred at least $6.6 million to a SOMO account. As was the case with the
Petrocorp and Jabal accounts, the transfers to SOMO out of Mr. Ladki’s account were made
under the names of various individuals such as “Mohammad Jamal,” “Murice Rizli” and “Elias
Ferzli.” SOMO records reflect that over $25 million was received from Mr. Ladki’s various
accounts to satisfy surcharges on Fenar, Alcon, and Aredio contracts. 276
276 First National Bank record, Petrocorp account, debit advices (Feb. 23, 2001 to Mar. 18, 2002) and
statement (Jan. 1 to Dec. 31, 2001); First National Bank record, Jabal account, debit advices (May 16, 2001
to Mar. 5, 2002); Cairo Amman Bank Beirut record, Musbah Ladki account, bank statements (Feb. 28,
2001 to Nov. 29, 2002); Jordan National Bank record, SOMO account, bank statements (Mar. 31, 2001 to
Mar. 31, 2002) (reflecting the receipt of funds under the names “Mohammad Jamal,” “Elias Ferzli,” and
“Murice Rizli,” in amounts and on dates consistent with the transfers out of Mr. Ladki’s account);
Committee oil surcharge table, contract nos. M/08/67, M/09/04, M/10/09, M/10/96, M/11/65, M/11/67,
M/12/39, M/09/01, M/09/35, M/10/03, M/10/17, M/10/59, M/11/25, M/11/43, M/12/35, M/09/23, M/10/71,
M/10/82, M/10/84, M/10/86, M/11/64, M/11/66, M/11/80, M/11/82.
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