By Alissa J. Rubin
Published: July 11, 2007
BAGHDAD: In an astonishing heist, guards at a bank here made off with more than a quarter-billion dollars on Wednesday, according to an official at the Interior Ministry.
The robbery, of $282 million from the Dar Es Salaam bank, a private financial institution, raised more questions than it answered, and officials were tight-lipped about the crime. The local police said two guards engineered the robbery, but an official at the Interior Ministry said three guards were involved.
Both confirmed that the stolen money was in American dollars, not Iraqi dinars. It was unclear why the bank had that much money on hand in dollars, or how the robbers managed to move such a large amount without being detected.
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In Mosul, an American helicopter returned fire after being shot at, but hit civilians, according to Brigadier General Abd al-Kareem Khalaf Juboori of the Mosul police. Two people were killed and 14 wounded, including two children.
The killing continued in Diyala Province, where American operations are under way to try to reduce the influence of Al Qaeda in Mesopotamia. Three bodies were found with signs of torture near the town of Khalis; an army checkpoint was attacked with mortars; a local police station was attacked; and a roadside bomb killed an Iraqi Army soldier and wounded four others in Khan Beni Sa'ad, about 50 miles from Baghdad.
moreHow much does a quarter-billion dollars weigh?
07 Feb 2007 01:12:29 GMT
WASHINGTON, Feb 6 (Reuters) - The U.S. Federal Reserve sent record payouts of more than $4 billion in cash to Baghdad on giant pallets aboard military planes shortly before the United States gave control back to Iraqis, lawmakers said on Tuesday.
The money, which had been held by the United States, came from Iraqi oil exports, surplus dollars from the U.N.-run oil-for-food program and frozen assets belonging to the ousted Saddam Hussein regime.
Bills weighing a total of 363 tons were loaded onto military aircraft in the largest cash shipments ever made by the Federal Reserve, said Rep. Henry Waxman, chairman of the House of Representatives Committee on Oversight and Government Reform.
"Who in their right mind would send 363 tons of cash into a war zone? But that's exactly what our government did," the California Democrat said during a hearing reviewing possible waste, fraud and abuse of funds in Iraq.
On Dec. 12, 2003, $1.5 billion was shipped to Iraq, initially "the largest pay out of U.S. currency in Fed history," according to an e-mail cited by committee members.
It was followed by more than $2.4 billion on June 22, 2004, and $1.6 billion three days later. The CPA turned over sovereignty on June 28.
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"If you've got fire into the...Green Zone every day, then...security situation in Baghdad sucks..."
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