Monday, March 20, 2006

Iraq's missing billions

Channel 4 documentary tonight, Dispatches>Iraq's Missing Billions, looked at the billions of dollars of Iraqi money that was supposed to be used to rebuild Iraq but was stolen, mismanaged or has simply disappeared.

Around $23bn of Iraqi money was placed in the trusteeship of the US-led coalition, to be used in a "transparent manner" for "purposes benefiting the people of Iraq".

Just watched the documentary; just scribbled a few bits and quotes to give a quick flavour:

US contractors were 'immune' from Iraqi law
"We played football with the bricks of cash"
"American law was suspended. Iraqi law was suspended."
"Where did all the money go? Not on vital medical equipment." Dr Ali Fadhil
"We went more for big ticket, showy items." Dr Richard Garfield
'Spend $7million in 7 days' - American-controlled CPA's rush to spend Iraq's money before handing over to the interim government

"This is not the new Iraq we were promised when the coalition invaded."

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