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said that he has received a report this week based on information from US and Iraqi auditors that the amount of money withdrawn from a fund from Iraqi oil proceeds, but unaccounted for, is much more than the $6.6bn reported missing last week.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 the 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.
This article was posted: Monday, June 20, 2011 at 2:01 am