Tags: Claim: | Iraq | Coalition | Oil | for | Food | Officials

Claim: Iraq Coalition Oil for Food Officials Siphoned $10 Billion

Tuesday, 05 September 2006 12:00 AM

UNITED NATIONS -- A former high-ranking official in the United Nations Iraq Oil for Food program charges that Coalition officials may have siphoned "billions" of dollars the U.N. turned over to Washington between June and November 2003.

The official, who has intimate knowledge of the Oil for Food finances and has asked for confidentiality, claims that the Coalition Provisional Authority, headed by L. Paul "Jerry" Bremer, was left "$10 billion in unencumbered cash" by the United Nations.

The source says he knows about the cash turnover because he was the one who handed it to the CPA.

Published reports have previously estimated the CPA's missing funds were approximately $6 billion.

This most recent revelation indicates the suspected embezzlement by the United States led CPA was greater and more extensive than previously suspected.

In a report by former U.N. investigator Paul Volcker, it is stated that on several occasions, CPA officials in Baghdad refused any cooperation with his accountants seeking Oil for Food records.

Volcker also charged that on numerous other occasions, CPA officials shredded documents being sought in the U.N. investigation.

The former Federal Reserve Bank chairman officially ended his investigation earlier this year, leaving the Coalition-money issue unresolved.

Former CPA officials contacted by NewsMax.com have yet to respond for reaction.

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UNITED NATIONS -- A former high-ranking official in the United Nations Iraq Oil for Food program charges that Coalition officials may have siphoned "billions" of dollars the U.N. turned over to Washington between June and November 2003. The official, who has intimate...
Claim:,Iraq,Coalition,Oil,for,Food,Officials,Siphoned,$10,Billion
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2006-00-05
Tuesday, 05 September 2006 12:00 AM
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