Holbrooke, Albright Knew of Oil For Food Scandal

As a result of a second scathing report on his administration of the scandal plagued U.N.-Iraq Oil-for-Food Prgram by U.N. investigator Paul Volcker, Benon V. Sevan is now threatening to name names.

In a news conference, Volcker issued another "interim report" on the activates of Sevan, who ran the $67 billion aid program from 1997-2003.

Volcker came to the conclusion that Sevan did indeed accept what amounted to several hundred thousand dollars in bribes funneled to him through various overseas channels.

In an earlier press release, Sevan again denied any wrong doing and accused U.N. chief Kofi Annan of making him a "sacrificial lamb."

Before leaving for his home on Cyprus, Sevan spoke to NewsMax and revealed some of what he may now go public with.

Sevan insists that between 1997-2000 he personally informed the U.N. Security Council, to whom he reported, of "suspicious" activity on the administration of several Oil-for-Food contracts.

"They ignored me, they did nothing," insisted Sevan.

This was repeated several times, the embattled former U.N. official said.

At the time in question, the U.S.-U.N. delegation was headed by Richard Holbrooke, Madeleine Albright was secretary of state.

"Of course they knew (of the improprieties). Why did they not act? Ask them," Sevan said.

Neither Holbrooke nor Albright was available for comment.