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Charity says $4bn 'missing' in Iraq

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realFedUp Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-24-03 08:52 AM
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Charity says $4bn 'missing' in Iraq

http://news.bbc.co.uk/2/hi/middle_east/3206841.stm

Charity says $4bn 'missing' in Iraq

A British charity has accused the US-controlled Coalition Provisional Authority (CPA) in Iraq of failing to account for $4bn meant to help rebuild the country.

The charity, Christian Aid, said in a report that the authority had not publicly disclosed its accounts since Saddam Hussein was ousted in April.

The report's authors calculated that the CPA had received at least $5bn in oil revenues and assets seized from Saddam Hussein's government.

However, only $1bn of this could be traced, while the rest had simply vanished into a "financial black hole", said the report.

"For all the talk of freedom and democracy for the Iraqi people before, during and after the war which toppled Saddam Hussein," said the report, "there is no way of knowing how the vast majority of this money has been spent".

continued
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bleedingheart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-24-03 08:56 AM
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1. has Neil Bush been to Iraq recently?????
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