« | »

Iraq: US Stole $17B From ‘Oil For Palaces’!

From an approving Reuters:

Typical ration distributed to Iraqis under the pre-2003 UN ‘Oil For Food’ program.

Iraq hunting $17 billion missing after U.S. invasion

Waleed Ibrahim
June 19, 2011

BAGHDAD (Reuters) – Iraq’s parliament is chasing about $17 billion of Iraqi oil money it says was stolen after the 2003 U.S.-led invasion and has asked the United Nations for help to track it down.

The missing money was shipped to Iraq from the United States to help with reconstruction after the ouster of Saddam Hussein.

Just when you thought these miserable ingrates couldn’t be any more ungrateful.

In a letter to the U.N. office in Baghdad last month, parliament’s Integrity Committee asked for help to find and recover the oil money taken from the Development Fund of Iraq (DFI) in 2004 and lost in the chaos that followed the invasion.

"All indications are that the institutions of the United States of America committed financial corruption by stealing the money of the Iraqi people, which was allocated to develop Iraq, (and) that it was about $17 billion," said the letter sent to the U.N. with a 50-page report.

We can only hope we ‘stole’ the money. Not that $17 billion dollars would go very far towards paying America back for liberating their benighted country from a murderous despot.

But, of course, it will turn out to be too good to be true.

The committee called the disappearance of the money a "financial crime" but said U.N. Security Council resolutions prevent Iraq from making a claim against the United States.

"Our committee decided to send this issue to you … to look into it and restore the stolen money," said the letter, a copy of which was obtained by Reuters. U.N. officials were not immediately available for comment.

Well, stealing money is one thing that the UN should know something about. But note that some of this money was from Saddam Hussein’s  ‘Oil For Food’ program, which ended up lining the pockets of many UN dignitaries with untold billions of dollars.

So we doubt the UN will be any too eager to revisit this issue.

The DFI was established in 2003 at the request of the Coalition Provisional Authority (CPA), the U.S. body headed by Paul Bremer that governed Iraq after the invasion. The fund was to be used to pay the salaries and pensions of Iraqi government workers and for reconstruction projects.

In 2004, the administration of former U.S. President George W. Bush flew billions of dollars in cash into Iraq. The money came from the sale of Iraqi oil, surplus funds from the U.N. oil-for-food program and seized Iraqi assets.

Last July, an audit report from the U.S. Special Inspector General for Iraq Reconstruction (SIGIR) said the U.S. Department of Defense was unable to account properly for $8.7 billion of Iraqi oil and gas money after the 2003 invasion

By the way, where did the Iraqi’s $17 billion dollar figure come from? Did they just decide to double the number to make it sound more impressive?

The appeal to the United Nations could help Iraq recover its money by putting its case before the international community, said Bahaa al-Araji, the head of the Integrity Committee.

"We cannot sue the Americans. Laws do not allow us to do that. All we want is to get this issue to the U.N.," Araji said. "If this works, it will open the way for Iraq to restore its stolen money."

In 2003, the CPA issued an order granting immunity to U.S. personnel and institutions working in Iraq.

Having immunity hasn’t helped too many Americans in Iraq in the past.

Still, once again, we strongly suspect that this request will fall on deaf ears at the UN. In reality, neither they nor their colleagues in Iraq really want to the public to know where these billions of dollars ended up.

After all, Swiss bank accounts aren’t as tight-lipped as they used to be.

This article was posted by Steve on Monday, June 20th, 2011. Comments are currently closed.

4 Responses to “Iraq: US Stole $17B From ‘Oil For Palaces’!”

  1. retire05 says:

    Anyone remember the movie “The Mouse That Roared”? It was the story of a ruler of a imaginary tiny nation that found himself in financial trouble, so not even possessing an army, he declared war on the United States so that the U.S. would send boxes of money to him to get his nation out of financial trouble.

    Iraq should shut the hell up. How much blood and treasure have we spent on that damnable ungrateful nation? Now, all of sudden, after we lost thousands of soldiers to remove Saddam, who stole their oil money with rigor while they, themselves, did nothing about it, they are worried about their “oil” money? Did it ever occur to these ingrates that maybe that money was stolen by their own people in places of power? Oh, no, we all know what honest brokers the Iraqis are, right?

    • Rusty Shackleford says:

      In order for that nation to be ungrateful, they have to be a nation that wanted the US’s help in the first place.

      I believe they are neither ungrateful nor desirous of our help to begin with.

      The issue of US blood spilled there is of most concern and it was a questionable idea but necessary in that the US put its foot down and therefore had to follow through. But there it was just the same.

      We should have then left and let Iraq fester in its own squalor. The misguided notion of installing the US-brand of “democracy” was flawed and unnecessary.

      Hambone’s uptake on the whole thing is deeply flawed and characteristically useless of the left-base blueprint.

      But I agree that Iraq, in general, should shut the hell up. The US should never attempt to “help” any sand-people nation. Our goals are 180 degrees out and the only reason we should really go there is to take their oil after we kill them. In that, I’m in agreement with the socialists.

  2. Liberals Demise says:

    Get our Warriors out NOW and let the civil war (Arab Spring) unfold.
    Maybe Saddam wasn’t so nutty after all. With all the different warring factions
    and down right loathing for each others style of religion, some one had to whack some one to hold some sort of order. Even if he was a pig of a dictator.
    I believe we were wrong but this is a grenade we can’t put the pin back in.
    The U.S. needs to pull out of the corrupt and criminal U.N. and send all it’s agents (spies) packing!

    • heykev says:

      I believe we stay there except treat it as a debtor nation that must repay us for every dime we have spent and continue to spend there daily. We should flood the market with cheap oil until it’s a buck a gallon (or less) and tell OPEC that if they try and reconstitute, that this will be their fate next.

« Front Page | To Top
« | »