Where are the $20bill.? Will this get bigger?

[elf]

Fuelling suspicion: the coalition and Iraq's oil billions /28.06.04

The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq's own money, says a new report published by Christian Aid.

http://www.christian-aid.org.uk/indepth/406iraqoilupdate/index.htm

[elf]

1. snip

An audit, reportedly critical, of the coalition’s handling of Iraqi revenues is not going to be delivered until mid-July – after the coalition has ceased to exist.

Christian Aid believes this situation is in flagrant breach of the UN Security Council resolution that gave control of Iraq’s oil revenues and other Iraqi funds to the Coalition Provisional Authority (CPA).

‘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 Collinson, head of policy at Christian Aid.

[gasperc]

2. where the $187 billion spent so far

oh yeah burning up in Bagdad

[elf]

3. a must read from yesterday evening!

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x59357