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Report: Saddam's Gov't Stole $10.1B
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Puck
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PostSun Mar 21, 2004 3:36 pm    Report: Saddam's Gov't Stole $10.1B

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Report: Saddam's Gov't Stole $10.1B

Thursday, March 18, 2004



WASHINGTON � Saddam Hussein's (search) government smuggled oil, added surcharges and collected kickbacks to rake in $10.1 billion in violation of the United Nations' oil-for-food program (search), congressional investigators said Thursday.

The estimate, much larger than previous calculations, comes as the United Nations considers expanding its probe into the humanitarian program, which allowed Iraq to sell oil for food and medicine. Other oil sales were prohibited under a U.N. embargo imposed after Iraq invaded Kuwait in 1990.

Investigators from the General Accounting Office (search) told a congressional subcommittee that Iraq collected $5.7 billion by illegally smuggling oil out of the country through several routes. The oil traveled to Syria by pipeline, across the borders of Jordan and Turkey by truck and through the Persian Gulf by ship.

Surcharges levied against oil producers and commissions imposed against commodity suppliers participating in the oil-for-food program fetched another $4.4 billion.

The GAO had previously estimated that Saddam's government had received $6.6 billion in illegal revenues from the program from 1997 through 2002.

The effort to identify and recover Iraqi money hidden worldwide has met with mixed success, GAO investigators told lawmakers on the House Financial Services oversight and investigations subcommittee.

The Treasury Department acted Thursday to freeze the assets of 16 family members related to Saddam and his top advisers. The list includes Saddam's wives Sajida Khayrallah Tilfa and Samira Shahbandar; his daughters Raghad Saddam Hussein al-Tikriti, Rana Saddam Hussein al-Tikriti and Hala Saddam Hussein al-Tikriti; and his son Ali Saddam Hussein al-Tikriti.

The Treasury Department also identified 191 quasi-governmental companies suspected of engaging in illegal commerce and hiding money abroad.

The Treasury Department submitted the information to the United Nations, triggering a resolution that calls on member nations to freeze and transfer the assets held by those individuals and companies.

Juan Zarate, the Treasury Department's deputy assistant secretary for terrorist financing and financial crimes, told the House subcommittee that some countries do not have the legal structure or "political will" to recover the money.

In the last year, countries other than the United States have recovered and sent about $750 million to the Development Fund for Iraq. Money in the Development Fund for Iraq has been spent on wheat purchases, electricity and oil infrastructure, equipment for Iraqi security forces, Iraqi civil service salaries and government operations.

About $1.3 billion in cash and valuables have been recovered in Iraq.

The amount of money the former Iraqi regime hid abroad remains unknown, and estimates range from $10 billion to $40 billion.

"One of the conundrums of this effort has been trying to understand and get a hold on the full universe of assets pilfered by the Hussein regime," Zarate said.


Copyright 2004 FOX News Network, LLC. All rights reserved.
All market data delayed 20 minutes.



The UN is a bunch of BS!


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Leo Wyatt
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PostMon Mar 22, 2004 6:00 am    

I know the UN is like you said. I betcha the UN has it and blaming on the US. They don't have proof that US did it. Without it, they can not prove. Just another attack of our good country.

Last edited by Leo Wyatt on Mon Mar 22, 2004 6:02 am; edited 1 time in total


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jbering69
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PostWed Mar 24, 2004 12:18 am    

Why the rampant dislike for the U.N. ? It is an excellent instrument for world order.

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Puck
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PostWed Mar 24, 2004 8:42 am    

The UN does noooooooothing...Saddam wouldn't let them inspect his WMD stuff for the longest time but they just sat around talkin about BS. UN is worthless, almost as much as the French.

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Capt.Rene D'Hondt
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PostWed Mar 24, 2004 11:38 am    

let me just say Janeway what bush has not done.There are countries in far worse condition then Iraq has ever been.Countried that Pres.Bush doubtfully even knows where they are.Look at Africa.Those people are constantly killing each other..and have sooo many probloms.But mr.bush doesnt seem to care.There are Gov'ts in Africa as bad and worse then saddam but bush doesnt give a damn.And look at Bolivia in South America Latin Americas poorest country.there sooo much sh*t in that country........and it doesnt even get reported.BBecause no one has interest fo it.Now let me explain why bush went into Iraq.Bush I doubt cares what Saddam did to his people no matter how much he has convinced the US population he has.Iraq has alot of oil like everyone knows...but iraq is also a key nation in the Middle East for flow of the oil.And who ever controls the flow of the oil controls the balnace of power of the world.I know Saddam did horrible things.But I also know that not why bush's in there.There is also another reason why there in Iraq but I cannot post it because the admins first of all dont wanna beleive it and second.......it could be considered rasist.And im in enough trouble on this site already.

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Leo Wyatt
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PostWed Mar 24, 2004 12:27 pm    

Hey watch the lang buddy. There are kids that come on here. Not to offend you ok. I want to tell u before a mod tells u.

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Puck
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PostWed Mar 24, 2004 5:52 pm    

Capt.Rene D'Hondt wrote:
let me just say Janeway what bush has not done.There are countries in far worse condition then Iraq has ever been.Countried that Pres.Bush doubtfully even knows where they are.Look at Africa.Those people are constantly killing each other..and have sooo many probloms.But mr.bush doesnt seem to care.There are Gov'ts in Africa as bad and worse then saddam but bush doesnt give a damn.And look at Bolivia in South America Latin Americas poorest country.there sooo much sh*t in that country........and it doesnt even get reported.BBecause no one has interest fo it.Now let me explain why bush went into Iraq.Bush I doubt cares what Saddam did to his people no matter how much he has convinced the US population he has.Iraq has alot of oil like everyone knows...but iraq is also a key nation in the Middle East for flow of the oil.And who ever controls the flow of the oil controls the balnace of power of the world.I know Saddam did horrible things.But I also know that not why bush's in there.There is also another reason why there in Iraq but I cannot post it because the admins first of all dont wanna beleive it and second.......it could be considered rasist.And im in enough trouble on this site already.


First of all.....we were talking about the UN...where did Bush come from....secondly, yes, I am sure you know exactly why president Bush went into Iraq....seeing you are in his position and know everything that he does. Do you realize how it must be being President Bush....everyday getting in a new casualty report and knowing that you sent these men to Iraq and now they are dead because of it.....Plus, how do youknow that the America is not sending some kind of aid money to other countries.....Lord knows we give away so much money in aid to other countrys. Finall, NO, America can not help everyone in the world out all the time...I wish some people would realize that, we may have a large army but no, we can not always give all the help the world needs, but now that we are trying to help Iraq out, we get attacks like that..."its all about the oil"....if it was all about oil, we would be paying alot more attention to Argentina, which is one of the countrys we import alot of oil from.


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syd2002
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PostWed Mar 24, 2004 9:32 pm    

I dont know were to stand on this but I do belave that Bush went in there to help the people of Iraq. and going on what Janeway said, I agree the US cant help everyone.

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jbering69
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PostWed Mar 24, 2004 11:02 pm    

Please explain to me precisely as to what the U.N. should have done. Perhaps mystically conjure a standing army to invade, oh wait, the U.N. is to be an instrument of peace not an invasionary force---it does NOT have a standing army. Trade sanctions you say....already in place. AND with regard to trade sanctions, economic and sociological research has determined that long-term trade sanctions have more of a detrimental effect on a nation both with regards to forcing nations to communicate with the outside world and on the general innocent population. Please grace me with your wealth of information on how the French are 'useless'. If your argument is based solely on the refusal of the SOVEREIGN nation of France to sanction the invasion of Iraq along with the U.N. then it is a poor argument. I eagerly await your response.

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T. Dean
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PostWed Mar 24, 2004 11:28 pm    

I think the US should have waited for the UN to sanction an invasion. By refusing to cooperate with the UN, the Bush administration took attention away from why the European powers were against the war. The European people may have been against the war for moral reasons but their governments wre opposed to it because they had oil contracts with Hussein and they saw an oppurtunity to flex their international muscle. I think Europe wanted to play a diplomat's game and they tried to use their leading positions in the UN for those means.


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Leo Wyatt
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PostThu Mar 25, 2004 5:05 am    

No not really. We could debate this to the end of the world and it is looking like it. Bush did not go over there for the oil. He was fed up with Saddam. You have not been over there have you? My husband has cause he fought in the war therefore he knows a little bit more what went on for somebody who has not been. If he had time, he would get on here to debate this and I know he would too.

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Leo Wyatt
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PostThu Mar 25, 2004 6:11 am    

I know waiting to get warned in pm. If I posted something similar oh well not meaning to but people dont read.

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Puck
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PostThu Mar 25, 2004 8:31 am    

jbering69 wrote:
Please explain to me precisely as to what the U.N. should have done. Perhaps mystically conjure a standing army to invade, oh wait, the U.N. is to be an instrument of peace not an invasionary force---it does NOT have a standing army. Trade sanctions you say....already in place. AND with regard to trade sanctions, economic and sociological research has determined that long-term trade sanctions have more of a detrimental effect on a nation both with regards to forcing nations to communicate with the outside world and on the general innocent population. Please grace me with your wealth of information on how the French are 'useless'. If your argument is based solely on the refusal of the SOVEREIGN nation of France to sanction the invasion of Iraq along with the U.N. then it is a poor argument. I eagerly await your response.


I dont know what they should have done...but they sure did have a while to figure something out, considering the number of years Saddam hid his WMD programs from them and not much was done. If they dont find a way to enforce their policies what good are they?......As for the French....I dont even want to start on them....

(I am not gonna be posting replies in these topics anymore guys....its gettin old and frankly, I am tired of debating this stuff, so yeah, see yall around the forum )


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Leo Wyatt
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PostThu Mar 25, 2004 8:40 am    

I wouldn't let them get you upset. THey are not worth it. You have a right to post. They think they know it all and they don't. So let them through tantrums cause they can't get anybody to agree. But I do agree this is getting old. We could go on and on forever debating this. We won't see eye to eye.

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chakotaysgal
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PostThu Mar 25, 2004 10:11 am    

I am new here and man this is a fight. It is not worth it. Cool down for goodness sakes.

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Capt.Rene D'Hondt
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PostThu Mar 25, 2004 10:25 am    

Let me continue.Let me explain some of the bad people Bush is protecting.Lets look at the "nice sultan" of Saudi Arabia.Since Gulf War number.1 the Americains placed US troops in Saudi Arabia to "protect the holy city of Mecca" Which is where Mohammed the Prophit is buried.The Sultan isnt a communist regime but the act like one.The rape a tourcherize innocent people.And the break into peoples homes and throw them into prison for no apparent reason.Well.............since the gulf war the US troops havent left Saudi Arabia and to top it all of while these horrible things are happening the Americains no about it but do nothing.Since there is a US military present in Saudi Arabia bush could telll the Sultan to stop what he is doing but Bush doesnt.But how come bush can go into a country with WMDS and save those people.But cant help the poeple in countries where a US present has been for years?The same is for Kuwait............surprisingly........not as bad but happens and other counries protected by the US.smush bush and turn him into mush!

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Leo Wyatt
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PostThu Mar 25, 2004 11:15 am    

Look wrong thing to say about my president. Do you have evidence to back you up? If not then shut up. Face it you are wrong and you know it.
Bad thing to bash my president. Not a nice thing to do. You will make some mad. Like Janeway has said The US can't help eveerybody.


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Theresa
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PostThu Mar 25, 2004 11:28 am    

^He's been banned. And not for his statement here.


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jbering69
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PostThu Mar 25, 2004 2:07 pm    

Last reply to this, though I still do not understand the purpose of 'banning' someone for discussing this topic. WMD program? I would have hoped that incredible inaccuracy would have been put to rest now. Even the weapons inspector quit his job saying there was nothing there and that he had better things to do with his time. Throughout these posts I have repeatedly seen the same worn arguments by the same people stating; we did it to help the people, the U.S. can't help everybody, if you've never been there you know nothing about it, and finally since some perspectives do not match, some people aren't worth it. That is called an insult. Any legitimate evidence to support the claims that the French are worthless and the U.N. the same are non - existent in these posts so before anyone makes the claim 'you don't know what you're talking about' re - read your posts, they will surprise you. But enough of this for me, it's finished.

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IntrepidIsMe
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PostThu Mar 25, 2004 5:07 pm    

She said he/she wasn't banned for "his statement here".

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Leo Wyatt
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PostFri Mar 26, 2004 11:44 am    

You know some people do not read. THen they would know that he was not banned for this statement on here. People only want to read what they want to and don't really pay attention. Anyhow, I am falling asleep over this
Cause we are going to debate this oooooooooops I am spamming oh well right now I am not worried.


We are not going to see eye to eye. We are just going to continue argue about this til the end of the world.Wake up and smell the coffee.


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Theresa
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PostFri Mar 26, 2004 1:02 pm    

The media focus is on Iraq. US troops are in other places... US money and aid are in other places... Why doesn't someone else step up, then? Quit bitching.


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Theresa
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PostFri Mar 26, 2004 1:04 pm    

jbering69 wrote:
Last reply to this, though I still do not understand the purpose of 'banning' someone for discussing this topic. WMD program? I would have hoped that incredible inaccuracy would have been put to rest now. Even the weapons inspector quit his job saying there was nothing there and that he had better things to do with his time. Throughout these posts I have repeatedly seen the same worn arguments by the same people stating; we did it to help the people, the U.S. can't help everybody, if you've never been there you know nothing about it, and finally since some perspectives do not match, some people aren't worth it. That is called an insult. Any legitimate evidence to support the claims that the French are worthless and the U.N. the same are non - existent in these posts so before anyone makes the claim 'you don't know what you're talking about' re - read your posts, they will surprise you. But enough of this for me, it's finished.



After reading your statment, including the bold statement, it amazes me that you have the nerve to say anything to anyone else about reading what is being said.



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Republican_Man
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PostSun Mar 28, 2004 1:41 am    

See...even more of an addition to have gone to war in Iraq!


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