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For the Global Thinker

Monday, June 20, 2011

Missing Iraq Cash as High as 18 Billion


Who said war was not profitable?

Osama al-Nujaifi, the Iraqi parliament speaker, has told Al Jazeera that the amount of Iraqi money unaccounted for by the US is $18.7bn - three times more than the reported $6.6bn.

Just before departing for a visit to the US, al-Nujaifi said that he has received a report this week based on information from US and Iraqi auditors that the amount of money withdrawn from a fund from Iraqi oil proceeds, but unaccounted for, is much more than the $6.6bn reported missing last week.

"There is a lot of money missing during the first American administration of Iraqi money in the first year of occupation.
"Iraq's development fund has lost around $18bn of Iraqi money in these operations - their location is unknown. Also missing are the documents of expenditure.

"I think it will be discussed soon. There should be an answer to where has Iraqi money gone."

The Bush administration flew in a total of $20bn in cash into the country in 2004. This was money that had come from Iraqi oil sales, surplus funds from the UN oil-for-food programme and seized Iraqi assets.

Read more here...

http://english.aljazeera.net/news/middleeast/2011/06/201161962910765678.html

ALSO WORTH CHECKING OUT...

Top Secret Prison used by US/UK Special Forces Found in Iraqi Desert

 Read more here...
http://ajarnmike.blogspot.com/2012/02/top-secret-prison-used-by-usuk-special.html

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