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In an interim report issued by the IIC, led by the former US Federal Reserve Chairman Paul Volcker, Sevan was accused of receiving 147,184 dollars of kickbacks in a bribe for an oil deal.
"On the basis of available evidence, the report concludes that Sevan, a 67-year-old Cypriot, corruptly benefited" from program, Volcker told reporters.
The IIC also recommended the United Nations to lift the immunity of Sevan for prosecution.
"Sevan is now the subject of a criminal investigation," the report said. "If criminal charges are to be brought against Sevan, the prosecuting authority will need to obtain a waiver of Sevan's immunity."
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