Billions of Iraqi Funds Missing

[donsu]

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

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.

-snip-

"For the entire year that the CPA has been in power in Iraq, it has been impossible to tell with any accuracy what the CPA has been doing with Iraq's money," said Helen Collison from Christian Aid.
-snip-
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goodness, can't they hear that sucking-up-money sound? that's the bushgang's theme song.

that billion is stuffed in a number of bushgang pockets.

[Nite Owl]

1. If Iraq is truly now a

sovereign nation can the contracts be renegotiated or canceled? Somehow I truly doubt it. And will this ever be top of the news? Truly doubt that too. Michael needs to make another movie.

[GreenPartyVoter]

2. Let's hope he updates things for the DVD release of F9/11