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One billion dollars has been plundered from Iraq's defence ministry in one of the largest thefts in history, The Independent can reveal, leaving the country's army to fight a savage insurgency with museum-piece weapons.
The money, intended to train and equip an Iraqi army capable of bringing security to a country shattered by the US-led invasion and prolonged rebellion, was instead siphoned abroad in cash and has disappeared.
"It is possibly one of the largest thefts in history," Ali Allawi, Iraq's Finance Minister, told The Independent.
"Huge amounts of money have disappeared. In return we got nothing but scraps of metal."...
The Iraqi Board of Supreme Audit says in a report to the Iraqi government that US-appointed Iraqi officials in the defense ministry allegedly presided over these dubious transactions....
Government officials in Baghdad even suggest that the skill with which the robbery was organised suggests that the Iraqis involved were only front men, and "rogue elements" within the US military or intelligence services may have played a decisive role behind the scenes....
The money missing from all ministries under the interim Iraqi government appointed by the US in June 2004 may turn out to be close to $2bn. Of a military procurement budget of $1.3bn, some $200m may have been spent on usable equipment, though this is a charitable view, say officials.
Poor Planning and Corruption Hobble the Rebuilding of Iraq
By Craig S. Smith
The New York Times
Saturday 17 September 2005
...The United States has poured more than $200 million into reconstruction projects in this city, part of the $10 billion it has spent to rebuild Iraq. Najaf is widely cited by the military as one of the success stories in that effort, but American officers involved in the rebuilding say that reconstruction projects here, as elsewhere in the country, are hobbled by poor planning, corrupt contractors and a lack of continuity among the rotating coalition officers charged with overseeing the spending.
"This country is filled with projects that were never completed or were completed and have never been used," said a frustrated civil affairs officer who asked not to be identified because he had not been cleared to speak about the reconstruction.
Originally posted by Souljah
Now what really caught my Eye from the Scotsman Article:
The Mr Blair and US President George Bush last week won a new UN resolution calling for international contributions of money and troops.The donations will go into a new fund overseen by the UN and the World Bank.
You would think that the bean counters would eventually get something right for a chance. People I do not advocate hate or war but how much longer can the good American people take this crap that Washington is trying to force feed us? I for one am pissed at all these very large sums of money going out of country and being pocketed by the crooks at large and they know who they are and so do we. How much more am I going to have to sacrifice my son's future to pay off these current "gifts" given to countries who could give a crap less about us or our ways of life?They have been fighting for 4000 yrs. Heck, whats a few more? Our govt. must listen to we the people. I do not know about you, but I think we should take care of our own here before we give other countries money as quick as we can print it. We the people need to make our LOFTY ONES we put in D.C. learn the fact that they are working for us and not all the intrests they are expected to solicited by. It is about high time to send a clear message to the ones who are elected that they work for us. Anyone up for a good 'ole
Civil War? That is where things are heading much quicker than most think. Im not a seer of the future but things are going to be a changing for those who refuse to use common sense while dealing with our hard earned tax money's.
I really Wonder where that Money Went....
Paul Wolfowitz is currently President of the World Bank.
Excellent Find twitchy!
[edit on 19/9/05 by Souljah]
Iraq to spend $13B on U.S. arms, equipment
By Jim Michaels, USA TODAY
BAGHDAD — Iraq is preparing to buy as much as $13 billion in American arms and military equipment, a huge order of tanks, ships and hardware that U.S. officials say shows Iraqi-U.S. military ties will be tight for years to come.
Originally posted by DYepes
What I am afraid of is that this money was stolen and even a fraction of it sent to fund terrorists and insurgents. Thats our money that could very possibly well be used to kill our own soldiers.