UNSCAM UPDATE: This isn’t inspiring confidence that the Volcker Report is getting to the bottom of things:

The committee probing the Oil-for-Food (search) scandal says it will correct omitting the name of a U.N. official involved in the international controversy who has a close relationship with the executive director of the panel.

It’s well known that the Volcker commission’s executive director, Reid Morden (search), and Louise Frechette (search) have had a “longstanding professional relationship” for 30 years, according to the Independent Inquiry Committee — dubbed the “Volcker commission” after its chief, former Federal Reserve Chairman Paul Volcker (search).

Morden was Canada’s deputy minister of foreign affairs in the 1990s. Frechette is U.N. Secretary-General Kofi Annan’s No. 2 at the international organization. But Frechette also was Canada’s ambassador to the United Nations at the same time Morden was her boss.

Hmm.