Reports: Billions of Iraqi Funds Missing

[goobergunch]

Sun Jun 27,10:03 PM ET


LONDON - Billions of dollars belonging to Iraq (news - web sites) is not accounted for by the Coalition Provisional Authority, which was given responsibility by the United Nations (news - web sites) for the country's finances, British lawmakers and aid activists said Monday.

There are glaring gaps in the handling of $20 billion generated by Iraq's oil and other sources since the U.S.-led war to oust Saddam Hussein (news - web sites) ended last year, according to reports from the Liberal Democrats, Britain's third-largest political party, and Christian Aid.

The Christian Aid report also said the majority of Iraq's reconstruction projects have been awarded to U.S. companies, which charge up to 10 times more than Iraqi firms.

There was no immediate reaction from coalition officials to the reports.

more...http://news.yahoo.com/news?tmpl=story&u=/ap/20040628/ap_on_re_mi_ea/britain_iraq_funds_1

[salin]

1. Gee... wonder who could be profiting in a nontransparent way

... Halliburton?

[indepat]

2. Careful for someone in a high place might tell you to fu*k off

[salin]

5. hey... but what great company

I would suddenly be in...

[lovedems]

3. Hmmm...

No wonder Bremer was eager to get out of dodge. With the CPA gone, who is going to answer for this?

[TahitiNut]

4. Bremer's flak jacket must be filled with money.

Maybe this helped move up the bullshit ceremonies.

[donco6]

6. Hmm - sounds kinda familiar, anyone remember

Iran-Contra?

Maybe they're funding their old friends next door with the excess cash?

[amber dog democrat]

7. Its Clinton's fault

It just has to be.

[Tight_rope]

8. Gezzz...I wonder where all the money vanished to...

No wonder Bush did the hand over early. Bush did a hit and run!

[Yavin4]

9. It's "DIEHARD 3" All Over Again

This administration is nothing more than a cover for a heist.

[Moderator]

10. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=650617&mesg_id=650617