Iraq: the missing billions

Iraq: the missing billions

A staggering US$ 4 billion in oil revenues and other Iraqi funds earmarked for the reconstruction of the country has disappeared into opaque bank accounts administered by the Coalition Provisional Authority (CPA), the US-controlled body that rules Iraq. By the end of the year, if nothing changes in the way this cash is accounted for, that figure will double.

$4 billion just up and vanished, huh? I believe if a US corporation reported 4 billion had vanished, someone would get indicted.

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