Monday, October 23, 2006

More than $500 Million in Funds to Fight Insurgency in Iraq - MISSING

More than half a billion dollars earmarked to fight the insurgency in Iraq was stolen by people the U.S. had entrusted to run the country's Ministry of Defense before the 2005 elections, according to Iraqi investigators.

Iraq's former minister of finance says coalition members like the U.S. and Britain are doing little to help recover the money or catch suspects, most of whom fled the country. The 60 Minutes investigation also turned up audio recordings of a suspect who seems to be discussing the transfer of $45 million to the account of a top political adviser to the interim defense minister. More than half a billion dollars earmarked to fight the insurgency in Iraq was stolen by people the U.S. had entrusted to run the country's Ministry of Defense before the 2005 elections, according to Iraqi investigators.

Iraq's former minister of finance says coalition members like the U.S. and Britain are doing little to help recover the money or catch suspects, most of whom fled the country. The 60 Minutes investigation also turned up audio recordings of a suspect who seems to be discussing the transfer of $45 million to the account of a top political adviser to the interim defense minister.

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