Iraq’s parliament speaker tells Al Jazeera unaccounted reconstruction money is three times the reported USD 6.6bn.
Osama al-Nujaifi, the Iraqi parliament speaker, has told Al Jazeera that the amount of Iraqi money unaccounted for by the US is USD 18.7bn .
This is three times more than the reported USD 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said that he has received a report this week based on information from US and Iraqi auditors that the amount of money withdrawn from a fund from Iraqi oil proceeds, but unaccounted for, is much more than the USD 6.6bn reported missing last week.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 USD18bn 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 USD 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.
Source: al-Jazeera.
My comment:
The former US Administrator in Iraq, Paul Bremer, holds the not disputed world record in corruption. While such criminals should have been arrested and put for trial, the elite in Washington rather gives them medals of honor.
It is a great irony, that may be as much as 18 billion dollar have gone “missing” in Iraq. Some of this cash must have ended up in the pockets of corrupt Americans. They just needed to give them money first to corrupt Iraqis, who have them some commissions.
But rather worse is it, that billions of USD ended up in the hands of Islamic Jihad and the Taliban. America kept on feeding the Islamic forces, it is no longer able to defeat on the battlefield.
The result is chaos, and eventually submission to the demand of Islam, not possible to defeat.
The evils build up by America have a tendency to end up attacking is own “well wishers”.
All thanks to George W. Bush and Paul Bremer.
Written by Ivar
News that matters 
There is so much corruption going on in these Arab countries that the US is
“involved” with! Last week the owner of a gym here in my town in Nevada was
arrested for selling ammunition from Iraq BACK TO THE US GOVT!!!
Here’s an excerpt from the local paper last week-
According to the indictment the man was employed as the Iraq deputy in-country manager stationed at the Baghdad Operations Center by Security Operations.
The indictment alleges that beginning in January 2007 O’Kelley conspired with others to illegally obtain ammunition belonging to the United States, then resell the ammunition to private individuals and businesses in Iraq. At times, O’Kelley sold the ammunition back to the United States and coalition forces effectively requiring the government to pay for the ammunition twice.
Unfortunately, this is just the tip of the iceberg where corruption is concerned!
Fallen man is doomed without our Savior, the Lord Jesus!
Missing Really, it’s has all been Accounted For! and will be back in Double! Ecclesiastes 12:13,14 James 5:1 – Don’t be Deceived!
Dear Michael
Shalom.
You wrote:
Missing Really, it’s has all been Accounted For! and will be back in Double! Ecclesiastes 12:13,14 James 5:1 – Don’t be Deceived!
My comment:
War is always big business. Tens of billions of dollars have entered into the pockets of the shareholders of Halliburton Inc. Are you one of them? Since you feel you will get it back in double?