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| Iraq |
| Around $40 billion "missing" from Iraq accounts |
| 2011-02-22 |
| [Al Arabiya] Around $40 billion are "missing" from a post-Gulf War fund that Iraq maintains to protect the money from foreign claims, its parliamentary speaker said on Monday as authorities scrambled to head off further protests on cutting politicians' pay and ramping up support for the needy "There is missing money, we do not know where it has gone," Osama al-Nujaifi said at a news conference in Storied Baghdad. "The money is around $40 billion in total." "It may have been spent somewhere, but it does not appear in our accounts, so parliament will investigate where this money has gone." Nujaifi did not say when or how the discovery had been made regarding the missing money. He said two investigative committees had been formed to track down the cash. The Development Fund for Iraq (DFI), which was set up after the 2003 war to handle oil and other revenues, has been protected against claims by a U.N. resolution that expires on June 30. On December 15, the U.N. Security Council ended key international sanctions imposed on Iraq following now-executed dictator Saddam Hussein's 1990 invasion of Kuwait in a major move toward bringing closure on the Saddam era. Among the decisions taken on that day was the closure of the DFI. Iraq's August 2, 1990 assault on Kuwait was rapidly met with a concerted international military response that pushed Saddam's forces out of the oil-rich emirate and eventually ended in his ouster by a U.S.-led coalition in 2003. |
| Posted by:Fred |
| #5 Switzerland? |
| Posted by: tu3031 2011-02-22 22:16 |
| #4 "There is missing money, we do not know where it has gone," Starting up Fannie Mae in Iraq? |
| Posted by: Procopius2k 2011-02-22 22:12 |
| #3 "Normal". |
| Posted by: Redneck Jim 2011-02-22 14:51 |
| #2 Oh, don't worry, the money is still there. We may not know where it is, but someone does. If the stolen money ends up in the hands of a poor muslim, it's called "kindness". I don't know what it's called if it ends up in the hands of a rich muslim. |
| Posted by: gorb 2011-02-22 12:20 |
| #1 Ah, the Arab soul and its Islamic Values. Dont you wish you had the moral character of an Arab? What IS that smell? |
| Posted by: Dribble2716 2011-02-22 08:21 |