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Missing Iraq cash 'as high as $18 billion'

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posted on Jun, 19 2011 @ 04:33 AM
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Missing Iraq cash 'as high as $18 billion'


english.aljazeera.net

Iraq's parliament speaker tells Al Jazeera unaccounted reconstruction money is three times 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said that he has received a report this week based on information from US and Iraqi auditors that the amount of money withdrawn from a fund from Iraqi oil proceeds, but unaccounted for, is much more than the $6.6bn reported missing last week.
(visit the link for the full news article)




posted on Jun, 19 2011 @ 04:33 AM
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'No trace'

The Los Angeles Times reported last week that Iraqi officials argue that the US government was supposed to safeguard the stash under a 2004 legal agreement it signed with Iraq, hence making Washington responsible for the cash that has disappeared.

Pentagon officials have contended for the last six years that they could account for the money if given enough time to track down the records.

The US has audited the money three times, but has still not been able to say exactly where it went.

english.aljazeera.net
(visit the link for the full news article)



posted on Jun, 19 2011 @ 04:50 AM
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Either the US has it or Iraq's crooked leaders, take your pick



posted on Jun, 19 2011 @ 05:01 AM
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Happening all over the place, there have been stories that the Afghani main bank is on the point of bankruptcy after they gave out loans to corrupt politicians and their relatives, and now most of this cash has disapeered (this bank was funded by money from the UN and other international donors with the intention of getting the Afghani economy going which would help reduce the number of people in poverty and stop them being driven to extremism). There have also been stories that most of the cash sent to Pakistan after the recent flooding has been lost to corruption or siphoned off by the ISI to fund their pet projects (The Taliban)



posted on Jun, 19 2011 @ 05:02 AM
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Even if the missing cash is found do you even think that anyone who ever needed it would ever see it?I say let them keep it ,every last bit ,whoever 'they' are



posted on Jun, 19 2011 @ 05:29 AM
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you know this sounds kinda like 9-11 except da u.s. going to iraq to steal money instead of america. last time a wad of cash like that came up missing, da u.s. decided to do shred the final piece of the constitution. there was no "we" in we the people that there was a big W. burning bush. let me quote someone who isn't important enough for me to remember by saying "those who fail to study history are doomed to repeat it"



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