TV News LIES

Tuesday, Apr 21st

Last update03:21:54 AM GMT

You are here News War U.S. tracks 'millions' of dollars stolen by Iraqi officials

U.S. tracks 'millions' of dollars stolen by Iraqi officials

E-mail Print PDF

US tracks millions stolen in IraqOut of the billions of dollars in cash that the U.S. shipped to Iraq during the war, "hundreds of millions if not billions of dollars . . . was stolen by senior Iraqi officials for their own personal gain," the Special Inspector General for Iraq Reconstruction tells CNBC.

In a new audit report, the inspector tracked a subset of the total amount — $6.6 billion in funds that the New York Federal Reserve made available to the Iraqi government during the war.

That chunk of cash, a subset of the tens of billions the New York Fed has sent overall, became controversial over the summer because neither the New York Fed nor the Iraqi government would provide enough information to document what happened to it.

But the Inspector General, Stuart W. Bowen Jr., said in an interview that he was ultimately given the records and tracked the money. Bowen said he is satisfied that the bulk of money made it to the entities it was intended for.

But he still has questions about what happened to some of the money that was left over when the Coalition Provisional Authority was disbanded. "Two hundred and seventeen million was in the basement of the Republican palace in cash," Bowen said. "That last tranche is what we continue to be concerned about."

Meanwhile, the investigation into the vast bulk of the funds continues. Bowen said that he will continue to investigate the status of as much as $12 billion in Iraqi assets that was shipped to Baghdad between 2003 and 2004.

TVNL Comment:  Bush's war was about greed and corruption, bribery and death.  But, of course, our soldiers died, and killed, for our freedom.  Sure.

More....


Most Recent Related Stories...


Report Shows US Invasion, Occupation of Iraq Left 1 Million Dead

Iraq war deathsA recently published report has revealed that the US invasion and occupation of Iraq was responsible...

Afghan soldier kills 1 American soldier, wounds 2 US troops

afghan soldiers shhot US troopsAn Afghan soldier opened fire at a group of U.S. troops in the city of Jalalabad...

Americans have yet to grasp the horrific magnitude of the ‘war on terror’

Warr on terrorEven as the U.S. expands its military involvement in the Middle East and delays the troop...

Body Count Report Reveals At Least 1.3 Million Lives Lost to US-Led War on Terror

body count: war on terrorHow do you calculate the human costs of the U.S.-led War on Terror?On the 12th anniversary...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!