Oil-For-Update: Volcker Says Report Didn’t Exonerate Annan

The money quote:

“I thought we criticized [Mr. Annan] rather severely,” Mr. Volcker said of his panel’s interim report, released March 29. “I would not call that an exoneration.”
Asked point-blank whether Mr. Annan had been cleared of wrongdoing in the $10 billion scandal, Mr. Volcker replied, “No.”

I suspect Volcker is feeling the heat over the recent resignations of senior investigators on his panel who complained of a whitewash.

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