Iraq Hunting $17 Billion Missing After U.S. Invasion -- Yahoo News/ReutersBAGHDAD (Reuters) – Iraq's parliament is chasing about $17 billion of Iraqi oil money it says was stolen after the 2003 U.S.-led invasion and has asked the United Nations for help to track it down.
The missing money was shipped to Iraq from the United States to help with reconstruction after the ouster of Saddam Hussein.
In a letter to the U.N. office in Baghdad last month, parliament's Integrity Committee asked for help to find and recover the oil money taken from the Development Fund of Iraq (DFI) in 2004 and lost in the chaos that followed the invasion.
Read more ....
My Comment: Missing Iraqi money is (unfortunately) a familiar story. To put everything in perspective, the Marshall Plan to rebuild Europe amounted to $13 billion US in 1948. While a dollar today is not the same as it was in 1948, this waste and lack of accounting is still disgraceful .... and what is even more frustrating .... no one has been held accountable and punished for its disappearance.
No comments:
Post a Comment