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Missing Iraq cash ‘as high as $18bn’

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Al Jazeera
June 20, 2011

Iraq’s parliament speaker tells Al Jazeera unaccounted reconstruction money is three times the reported $6.6bn.

Osama al-Nujaifi, the Iraqi parliament speaker, has told Al Jazeera that the amount of Iraqi money unaccounted for by the US is $18.7bn – three times more than the reported $6.6bn.

Just before departing for a visit to the US, al-Nujaifi said that he has received a report this week based on information from US and Iraqi auditors that the amount of money withdrawn from a fund from Iraqi oil proceeds, but unaccounted for, is much more than the $6.6bn reported missing last week.

“There is a lot of money missing during the first American administration of Iraqi money in┬áthe first year of occupation.

“Iraq’s development fund has lost around $18bn of Iraqi money in these operations – their location is unknown. Also missing are the documents of expenditure.

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This article was posted: Monday, June 20, 2011 at 2:01 am





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