(2005-10-27) Volcker Oil For Food Report

More than 4,500 companies took part in the United Nations Oil For Food program and more than half of them paid illegal surcharges and kickbacks to Saddam Hussein, according to the independent committee investigating the program. The country with the most companies involved in the program was Russia, followed by France, the committee says in a report to be released Thursday. The inquiry was led by Paul Volcker, former chairman of the Federal Reserve Board.