http://www.theaustralian.com.au/news/world/iraq-demands-us-hand-back-billions-of-missing-oil-revenue/story-e6frg6so-1226080236869

Iraq demands US hand back billions of missing oil revenue 
From: AFP 
June 22, 2011 10:38PM 


IRAQ'S parliament Speaker, on a visit to Washington, will query American 
officials about $17 billion in missing oil money, a Baghdad politician said 
today. 

 Head of parliament's anti-graft committee Baha al-Araji said Speaker Osama 
al-Nujaifi, who left for Washington on Tuesday, would bring up the question of 
the missing billions, which have been under investigation for years.

Last week, US officials acknowledged that $US6.6 billion in Iraqi 
reconstruction funds had disappeared. Iraq says $US17 billion is missing, and 
was stolen by corrupt US institutions.

"Nujaifi is visiting the United States to discuss several issues, including the 
missing funds," Araji said. "We spoke with the US forces in Iraq (about this 
issue) but we didn't receive an answer," he said, adding that Baghdad had 
approached the United Nations to help trace the money.

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Related Coverage
  a.. Five US soldiers killed in Iraq Herald Sun, 6 Jun 2011
  b.. Suicide car bombs kill 5 Courier Mail, 18 Apr 2011
  c.. UN reports 34 killed in Iraq Adelaide Now, 14 Apr 2011
  d.. Iraq PM gives govt 100-day warning Courier Mail, 27 Feb 2011
  e.. Seven protesters die in Iraq 'Day of Rage' The Australian, 25 Feb 2011
End of sidebar. Return to start of sidebar.

The cash was from the proceeds of Iraqi oil sales after the 2003 US-led 
invasion. It was placed in the Development Fund for Iraq, but went missing in 
2004, when US envoy Paul Bremer's Coalition Provisional Authority was governing 
Iraq.

In a May 11 letter to the UN Security Council, the Iraqi parliament's 
anti-graft committee accused US institutions working under the CPA of stealing 
the money.

"The US institutions (occupation forces) working in Iraq committed a financial 
crime, stealing the money of the Iraqi people that was allocated for the 
development of Iraq," said the letter to the UN. "The sum was $17 billion," it 
said.

The UN office in Baghdad did not immediately respond to a query about the 
letter.

But the US embassy in Baghdad said it was working with the Iraqi government to 
account for the funds.

"The US and Iraqi governments share a commitment to transparency and 
accountability with regards to the history of the Development Fund for Iraq," 
said embassy spokesman David Ranz.

"Our two governments are working together, and with the Special 
Inspector-General for Iraq Reconstruction, to account for all of the funds 
expended from DFI to benefit the Iraqi people."

Hardline MP Jawad al-Shehaili said: "The issue is not about returning the money.

"It's about revealing that the US side did nothing for Iraq. It gave from the 
right hand and stole from the left," said Shehaili, who is a member of an 
alliance led by the radical and anti-American Shi'ite cleric Moqtada al-Sadr.

AFP 


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