Your Ad Here Your Ad Here
Results 1 to 5 of 5

Thread: Who Did Not See This Comeing?

  1. #1
    ZaZu's Avatar I know stuff ...
    Join Date
    Sep 2003
    Reports: Billions of Iraqi Funds Missing

    LONDON (AP) - Billions of dollars belonging to Iraq is not accounted for by the Coalition Provisional Authority, which was given responsibility by the United Nations for the country's finances, British lawmakers and aid activists said Monday.

    There are glaring gaps in the handling of $20 billion generated by Iraq's oil and other sources since the U.S.-led war to oust Saddam Hussein ended last year, according to reports from the Liberal Democrats, Britain's third-largest political party, and Christian Aid.

    The Christian Aid report also said the majority of Iraq's reconstruction projects have been awarded to U.S. companies,which charge up to 10 times more than Iraqi firms.

    There was no immediate reaction from coalition officials to the reports.

    The United Nations gave the U.S.-led coalition responsibility for the Development Fund for Iraq after the fall of Saddam in May 2003. It stipulated that expenditures must be shown to be in Iraq's best interest and that all revenue should be paid into a simple fund. But Christian Aid and the Liberal Democrats said no audit on the money was carried out until April.

    ``For the entire year that the CPA has been in power in Iraq, it has been impossible to tell with any accuracy what the CPA has been doing with Iraq's money,'' said Helen Collison from Christian Aid.

    The Liberal Democrats' study cited the accounting firm KPMG, which criticized the coalition for not metering oil production and questioned its spending.

    ``This apparent discrepancy requires full investigation,'' said Menzies Campbell, the Liberal Democrat spokesman for foreign affairs.

    ``The cost of reconstruction of Iraq is considerable and those countries who are being asked to contribute will want to know that Iraq's own resources are making a maximum contribution,'' he added.


    If you attack the establishment long enough and hard enough, they will make you a member of it.
    -- Art Buchwald --

  2. ** REGISTER to REMOVE This Ad On The Site!! **
    Your Ad Here Your Ad Here
  3. The Drawing Room   -   #2
    100%'s Avatar ╚════╩═╬════╝
    Join Date
    Jan 2003

  4. The Drawing Room   -   #3
    cpt_azad's Avatar Colonel
    Join Date
    Aug 2003
    Surrey, BC
    iraq down, iran next jp jp, but still, this was kinda obvious

    Jeff Loomis: He's so good, he doesn't need to be dead to have a tribute.

  5. The Drawing Room   -   #4
    Donnie Darko's Avatar Poster
    Join Date
    Jun 2004
    I dint see this comeing....dose this make me stupeid
    *Removed for being gay

  6. The Drawing Room   -   #5
    sArA's Avatar Ex-Moderatererer
    Join Date
    Feb 2003
    Originally posted by Donnie Darko@30 June 2004 - 10:15
    I dint see this comeing....dose this make me stupeid
    No dear not stupid, perhaps a little naive

    I am not in the least bit surprised. Corruption and self interest is endemic to those with total control.

    I think the phrase is 'power corrupts but absolute power corrupts absolutely'

    I guess its a case of we did it cos we could.....

    My concern is whether it will actually be investigated at all. The LibDems do not have a great deal of power, and charities likewise.

    My hope is that it will not just be brushed under the carpet or justified as administrative errors with assurances that its all above board really, just that the records have been lost or some such thing.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts