Iraq’s Missing Billions

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PostFri Jul 29, 2011 11:21 pm » by Freeyourmindnow


The British and American coalition which had overthrown Saddam Hussein was given a very special responsibility by the United Nations. It was given trusteeship of more than 20 billion dollars that belonged to the people of Iraq. Over the next 40 months, it spent almost all of it. Yet, no one can account for where it all went. Literally billion of dollars have gone missing.

In this revealing documentary, Dr. Ali Fadhil, a young Iraqi doctor, sets out to learn what has led to the catastrophic results when money was put into the care of the U.S. led coalition. What emerges is a disturbing tale of corruption and fraud. As word spread of the kind of money that could be made in Iraq, foreign contractors negotiated deals fast and furiously.

There was no oversight of projects. “As trustees, we did a very poor job,” admits Frank Willis, a senior member of the Coalition Provisional Authority (CPA). “We should have spent the money on the Iraqi people, rather than putting it in the pockets of foreign business.” According to the United States’ own figures, Iraq’s essential services are worse than before the war, with the country producing less electricity, oil or clean water. (Excerpt from cbc.ca)


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