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IPFS News Link • Bush Administration

Iraq: Stolen Post-Invasion Cash as High as $18 Billion

Last week, an audit by the US Special Inspector General for Iraq Reconstruction revealed that of the $20 billion flown by the United States to Iraq, some $6.6 billion is still completely unaccounted for and believed stolen. But Iraqi officials say the amount is much higher, with Parliament Speaker Osama Nujaifi saying that the Iraqi government’s probe found some $18 billion still missing, and that the nation’s parliament is still expecting an answer for where it went. The US shipped the $20 billion in Iraqi government funds (part of the UN’s Oil for Food program) in physical cash, $100 bills stacked on palettes and crammed into the airplanes. There was virtually no effort to keep track of where all these $100 bills went.

1 Comments in Response to

Comment by Powell Gammill
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Yeah, but they're going to pay us for the invasion, right?   Maybe The Fed can print them up more cash that the C-130 fleet can deliver.