Wednesday, August 10, 2005

Pleading Guilty in a New York Minute

A post yesterday (here) discussed the Independent Inquiry Commission's report on corruption in the UN's Oil-for-Food program, and that the UN would lift the immunity for two officials identified in the report as having accepted bribes.  Later that afternoon, one of the officials, Alexander Yakovlev, a former UN procurement officer, entered a guilty plea in the U.S. District Court for the Southern District of New York to conspiracy, wire fraud, and money laundering charges.  According to a press release issued by the USAO (here):

As charged in the criminal Information filed today, in 2000, YAKOVLEV, while working as a procurement officer at the United Nations, established the company Moxyco, Ltd. to facilitate the illicit and secret payment of money to him by foreign companies seeking to secure contracts to provide goods and services to the United Nations. Thereafter, YAKOVLEV received wire transfers sent to bank accounts in Antigua and Switzerland from foreign companies in exchange for providing information to companies about United Nations contracts that were up for bid and for assisting companies to obtain United Nations contracts.

(ph)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/08/pleading_guilty.html

Corruption, International | Permalink

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