UNITED NATIONS, Aug. 9 (Xinhuanet) -- A three-member investigative team chaired by Paul Volcker said Monday in an advanced report that the alleged corruption with the UN "Oil-for-Food" mechanism is serious and they decided to set their priority for further investigations on the UN and its various organs.

    "The allegations of misconduct and maladministration are serious," said the report acquired by Xinhua.

    Volcker is scheduled to give a press conference on his report to UN Secretary-General Kofi Annan later Monday in New York.

    "Our priority clearly must be on conduct within the UN and its various organs, including the allegations of corruption," said thereport in its conclusion. Enditem