Friday, February 09, 2007

US$12bil from US govt "vanished" in Iraq

The US government flew US$12bil (RM42bil) in $100 note into Iraq, then distributed the cash without any control to whoever they don't remember (or pretend not to remember). On June 22, 2004, the US government shipped US$2.4bil using C-130 planes for disbursements to Iraqi ministers and US contractors, just 6 days before the handover. Details of the shipments was made in a memorandum prepared for the meeting of the House Committee on oversight and government reform which is examining Iraqi reconstruction.

The Committee chairman Henry Waxman said the way the cash had been handled was mind-boggling. "The numbers are so large that it doesn't seem possible that they're true. Who in the right mind would send 363 tonnes of cash into a war zone?"

The minutes from a May 2004 CPA meeting revealed that "a single disbursement of US$500mil in security funding labeled merely "TBD" meaning to be determined.

The memorandum concludes:

"Thousands of "ghost employees" were receiving pay cheques from Iraqi ministers under the CPA's control. Some of the fund have enriched both criminals and insurgents."

Have the funds benefited Malaysians there? Or, were some of the "ghost employees" actually Malaysians?

1 comment:

mob1900 said...

ahh now we know where all those civil servants who had been playing truant laio!