"The Volcker report has to be seen in perspective. It was commissioned by the UN and its terms of reference had been decided by the UN," US Ambassador David C Mulford told reporters in New Delhi. He said "some evidence" had been collected in Iraq, which gave details about Iraq's oil-for-food programme.
"It was a separate process and the US had nothing to do with it," the envoy said. There have been suggestions that Natwar Singh has been named in the report as being a "non-contractual beneficiary" in the oil-for-food programme as he has had pro-Iraq stance.