ED on Iraq sojourn to probe Volcker
ED on Iraq sojourn to probe Volcker
The ED has already received from New York a copy of the Volcker committee probe report into the $64 billion Iraq oil-for-food programme.

New Delhi: The government will send an investigation team to Iraq and Jordan to probe the findings of the Volcker committee report.

"We are planning to go to Iraq for further investigations in the case," said a director of the Enforcement Directorate (ED).

The director, speaking on conditions of anonymity, said that the team will leave for Iraq next week but refused to give the date of departure.

The ED has already received from New York a copy of the Volcker committee probe report into the $64 billion Iraq oil-for-food programme, which named former External Affairs Minister K Natwar Singh and the Congress party as "non-contractual beneficiaries."

Singh's son Jagat Singh and his business associate Andaleeb Sehgal have also been named in the report, which says that the Iraqi regime of Saddam Hussein took surcharges, or bribes, in exchange for oil vouchers.

The team expects to get details of bank accounts that received illegal payment, the official said.

The investigators had questioned Sehgal, a cousin of Jagat Singh, and found some documents from his house. Sehgal also had a bank account in Jordan.

Natwar Singh resigned as the External Affairs minister shortly after the Volcker report was released and is presently a minister without portfolio.

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