Report: $6B missing in Iraq may have been stolen.

The man Congress put in charge of auditing the billions…

The man Congress put in charge of auditing the billions of dollars dumped on Iraq after Saddam Hussein was toppled has told the Los Angels Times he can’t rule out the possibility that $6.6 billion in cash sent from the U.S. was stolen.

Special inspector general for Iraq reconstruction Stuart Bowen told the Times the missing money may represent “the largest theft of funds in national history.”

It was not, it is crucial to note here, U.S. tax-payer dollars which have gone missing in Iraq. The money came from a special fund set up by the Federal Reserve Bank of New York with Iraq’s own money — funds which were withheld from the nation during a decade of harsh economic sanctions under Saddam.

Now, and here’s the real kicker, Iraq wants it’s money back. The Los Angeles Times says some officials in Baghdad have threatened to take the U.S. government to court to reclaim the missing loot. The last known holder of the funds, before they mysteriously disappeared into the dusty oblivion of post-war Iraq, was the U.S. government.

Source: Tucker Reals for CBS News.

Load Comments
  • DP

    No surprise!!! Iraq we should own you!!!!! Pay us!!!