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Tuesday, January 31, 2006
Massive Fraud at CPA in Iraq Agents from the inspector general's office found that the living and working quarters of American occupation officials were awash in shrink-wrapped stacks of $100 bills, colloquially known as bricks. In other examples millions of reconstruction dollars [were] stuffed casually into footlockers and filing cabinets, an American soldier in the Philippines ... gambled away cash belonging to Iraq, and three Iraqis ... plunged to their deaths in a rebuilt hospital elevator that had been improperly certified as safe. It is important to note that much of this money was not American at all, rather it was seized Iraqi oil money and other Iraqi government assets. The TimesOnline (British) reports nearly $9 billion (£5 billion) of Iraq’s oil revenue disbursed by the US-led Coalition Provisional Authority (CPA), which governed Iraq until mid-2004, cannot be accounted for. This investigation only focused on $88 million dollars and how it was dispersed. This may be an illustration about how billions of dollars were systematically mishandled by unelected American officials. Of course, there is no way to be sure because there is no paperwork to account for the rest of the money. The St. Louis Post-Dispatch calls this a "Mark McGuire moment" for George Bush and his war in Iraq. And Juan Cole pointed out that George Bush and the other architects of this war decided to export kleptocracy (associated with other Republican officials like Jack "Abramoff and his "30 Republicans") to Iraq, rather than the democracy that had been promised before the invasion. Blogger News Network is advertiser-supported, and your visits to our advertisers help BNN to meet its expenses. Help keep us afloat! posted by Simon Fitzgerald at 2:36 PM |
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