$18billion cash is missing in Iraq

**white-wolf** · June 19, 2011, 05:37 PM

The money supposedly given by USA to Iraq for oil sales and other assets since 2003-2004 is lost. Iraq Parliment speaker says it is up to $18bn the missing money.

The Bush administration flew in a total of $20bn in cash into the country in 2004. This was money that had come from Iraqi oil sales, surplus funds from the UN oil-for-food programme and seized Iraqi assets.

Officials in Iraq were supposed to give out the money to Iraqi ministries and US contractors, intended for the reconstruction of the country

Link

It is unclear who lost the money and in which pockets they are staying is unknown.

**alhoon** · June 19, 2011, 05:39 PM

Just 18B$? We're missing a couple of hundred billions.

Anyway, if they were intended to get 20B$ and to the ministries and the people just 2B$ arrived, some people must go to jail. Not that I'm that confident that the new Iraq is a place where the corrupt billionaires would go to jail though.

**Ancient Aliens** · June 19, 2011, 05:52 PM

Are we really surprised by this?

**mrmouth** · June 19, 2011, 05:57 PM

In there an honest debate to be had about whether Iraq actually owes the US any money? I realize the implications, I see both sides, and I'm torn on the issue. A US politician recently was reemed for suggesting as much.

Not that I expect anything...

**Manuel I Komnenos** · June 19, 2011, 06:01 PM

Um, I'm sorry but we gotta save Greece :shy:

**Misery** · June 19, 2011, 06:32 PM

Originally Posted by Manuel I Komnenos

Um, I'm sorry but we gotta save Greece :shy:

Why?

And this is nothing new, there is more money missing in Iraq then anybody would like to admit. I have a feeling we will never know the true extent of this.

**Manuel I Komnenos** · June 19, 2011, 06:53 PM

We stole the money from the state's treasury.

**Roboute Guilliman** · June 19, 2011, 07:17 PM

Originally Posted by Manuel I Komnenos

We stole the money from the state's treasury.

You guys are just like gypsies.

**Choki** · June 19, 2011, 08:21 PM

and they get 20billions from Oil...

**MathiasOfAthens** · June 20, 2011, 07:02 AM

God if your going to steal money, dont make it so obvious. Just take a little bit.

Besides I recently got an email from a sarge asking for my account number so he can wire some money through. He said he found it in Baghdad 5 years ago and hes still in Baghdad now and hes bout to leave.

**mongrel** · June 20, 2011, 07:22 AM

18 billion $ handed over to Iraqi thieves without oversight, yet Republicans have an issue with expenditure intended to help their own citizens. You can't make it up.