Iraq Seeking to Recover Stolen Money Found in Lebanon

إقرأ هذا الخبر بالعربية W460

An Iraqi lawmaker has revealed that authorities in Baghdad were seeking to recover around 2 billion dollars of Iraqi money found in a bunker in rural Lebanon.

The MP, who is a member of the parliamentary integrity committee, told the pan-Arab daily al-Hayat published on Friday that the appropriations committee was able to return 1 billion dollars of money frozen in several countries.

The committee is now seeking to recover the cash found in Lebanon and frozen money in the Sultanate of Oman.

It is believed that ministers in former Prime Minister Nuri al-Maliki's cabinet were involved in smuggling the cash, which was earmarked for the reconstruction of Iraq.

A U.S. official said in October that he did not know how around 1.2 billion dollars to 1.6 billion dollars of cash got to Lebanon.

Stuart W. Bowen Jr., a friend from Texas of ex-President George W. Bush, said: “Billions of dollars have been taken out of Iraq over the last 10 years illegally,” he said. “In this investigation, we thought we were on the track for some of that lost money. It’s disappointing to me personally that we were unable to close this case, for reasons beyond our control.”

Bowen was in 2004 appointed to serve as a special inspector general to investigate corruption and waste in Iraq.

Before his office was finally shut down last year, Bowen believed he might have succeeded, but only partly, in that mission.

Bowen said he talked to al-Maliki about the missing money and his discovery of the bunker and that the ex-PM never took any action.

In addition to the cash, there was said to be approximately 200 million dollars in gold belonging to the Iraqi government.



Comments 7
Missing humble 02 January 2015, 10:04

Corruption at its wonder why Lebanon is ranked amongst the worst nations worldwide. A shame !!!

Thumb ex-fpm 02 January 2015, 11:50

"A U.S. official said in October that he did not know how around 1.2 billion dollars to 1.6 billion dollars of cash got to Lebanon."

and do you have to ask how it got to Lebanon? Ask Malki and hezbollah who are financing the war in Syria. There are reports the money stored in the South exceeds $4 billion.

Thumb barrymore 02 January 2015, 12:13

Oh no... there is no money laundering in Lebanon! Thank you HA

Default-user-icon mahdi firuz berhouz (Guest) 02 January 2015, 14:20

hahaha! My boss said and he was right that you would start the new year where you left off in 2014 and even stronger. You seem to be more confident in 2015, more determined, and more factual. Somesing Anazar Flamesrower...!

Default-user-icon roukuz (Guest) 02 January 2015, 20:31

May you enjoy peace and tranquility as you lay to rest in your final destination dear flamethrower.

Default-user-icon dododadadidi (Guest) 02 January 2015, 19:05

Emile Emile has some explaining to do.

Missing greatpierro 02 January 2015, 20:09

the money as it seems was channeled out to lebanon by maliki to hizbollah to support the war effort in syria. as it seems maliki is a traitor to his country