Oil-for-Food Programme
Malloch Brown publicly defended handling of the Oil-for-Food Programme by the UN in general, and Kofi Annan in particular. While he countered critics that "Not a penny was lost from the organization," an internal UN audit of the Oil-for-Food programme revealed that there had been overcompensation amounting to $557 million. A separate audit of UN peacekeeping procurement concluded that at least $310 million from a budget of $1.6 billion could not be accounted for.