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Rumor Mill News Reading Room Archive

BILLION DOLLARS PLUNDERED FROM IRAQ'S DEFENCE MINISTRY!

Posted By: FarSight3
Date: Tuesday, 20-Sep-2005 06:46:29

In Response To: HADASHI: THE REAL PURPOSE OF THE IRAQ WAR, ISRAEL&CHINA (FarSight3)

Regarding the latest caught SAS/MI6-agents in Basra yesterday - here is just another aspect that will show you the "bigger picture" of how the US military in Iraq is driven onto thin ice:

Billion dollars plundered from Iraq's defence ministry

Mon Sep 19, 2:09 AM ET

LONDON (AFP) - A billion dollars has been plundered from the coffers of
Iraq's defence ministry, seriously affecting the government's ability to combat the insurgency, the Independent newspaper here reported, citing the Iraqi finance minister.

"It is possibly one of the largest thefts in history," the centre-left paper quoted finance minister Ali Allawi as saying.

Most of the money was "siphoned abroad in cash and has disappeared" to finance the purchase of arms in Poland and Pakistan, according to the report. But rather than purchasing state-of-the-art weaponry Iraq had procured "museum-piece weapons," the Independent charged.

The paper listed a series of problems with the arms purchased including armoured cars which "turned out to be so poorly made that even a bullet from an elderly AK-47 machine-gun could penetrate their armour." Other armoured cars reportedly leaked so much oil that they had to be abandoned.

A shipment of the latest MP5 American machine-guns turned out to be Egyptian copies worth a fraction of the price, according to the report.

"Many Iraqi soldiers and police have died because they were not properly equipped," the daily added.

The rip-offs were so huge, said the paper, that Baghdad officials estimate that the Iraqis involved "were only front men and 'rogue elements' within the US military and intelligence services may have played a decisive role behind the scenes".

Iraqi Prime Minister Ibrahim Jaafari has been informed of the problem "but the extent of the losses has become apparent only gradually. The sum missing was first reported as 300 million dollars and then 500 million dollars, but in fact it is at least twice as large," the paper said.

"It is nearly 100 percent of the ministry's (procurement) budget that has gone AWOL (absent without leave)," Allawi was quoted as saying....

Ful article at: http://news.yahoo.com/news?tmpl=story&u=/afp/20050919/ts_afp/britainiraqdefencecash_050919041124

Another from the BELFAST TELEGRAPH:

What has happened to Iraq's missing $1bn?

By Patrick Cockburn in Baghdad
19 September 2005

One billion dollars has been plundered from Iraq's defence ministry in one of the largest thefts in history, The Independent has revealed, leaving the country's army to fight a savage insurgency with museum-piece weapons.

The money, intended to train and equip an Iraqi army capable of bringing security to a country shattered by the US-led invasion and prolonged rebellion, was instead siphoned abroad in cash and has disappeared.

(snip)

"Huge amounts of money have disappeared. In return we got nothing but scraps of metal."

The carefully planned theft has so weakened the army that it cannot hold Baghdad against insurgent attack without American military support, Iraqi officials say, making it difficult for the US to withdraw its 135,000- strong army from Iraq, as Washington says it wishes to do.

Most of the money was supposedly spent buying arms from Poland and Pakistan. The contracts were peculiar in four ways. According to Mr Allawi, they were awarded without bidding, and were signed with a Baghdad-based company, and not directly with the foreign supplier. The money was paid up front, and, surprisingly for Iraq, it was paid at great speed out of the ministry's account with the Central Bank. Military equipment purchased in Poland included 28-year-old Soviet-made helicopters. The manufacturers said they should have been scrapped after 25 years of service. Armoured cars purchased by Iraq turned out to be so poorly made that even a bullet from an elderly AK-47 machine-gun could penetrate their armour. A shipment of the latest MP5 American machine-guns, at a cost of $3,500 (£1,900) each, consisted in reality of Egyptian copies worth only $200 a gun. Other armoured cars leaked so much oil that they had to be abandoned. A deal was struck to buy 7.62mm machine-gun bullets for 16 cents each, although they should have cost between 4 and 6 cents...

The picture - as we stated in our previos posts - is becoming clearer day by day. The real "insurgents" are ALWAYS inside the own administration...

That's the old "British" game of "Equilibrance of Power": If the "others" get too strong, strip them - if they are too weak - support them. See as well the related postings of IZAKOVIC and Useless_Eater

Far Sight 3

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Articles In This Thread

SECRET OF 'SLANG-HI': ABOUT "ENEMIES WHO ARE FRIENDS"..
FarSight3 -- Friday, 29-Apr-2005 12:03:32
Reader: FOR EXAMPLE: USA-CHINA...
FarSight3 -- Friday, 29-Apr-2005 13:09:47
LETS REMEMBER THE WORDS OF ALBERT PIKE ON THIS THREAD!
PRAVDASEEKER -- Friday, 29-Apr-2005 19:51:23
ALBERT PIKE ENCORE, ENCORE, ENCORE + LINKS...
FarSight3 -- Sunday, 1-May-2005 13:01:55
OPEN ENEMIES - SECRET FRIENDS: IMPLICATIONS OF IRAQ...
FarSight3 -- Monday, 23-May-2005 12:36:48
FINANCING THE FED.-SCAM: DRUGS AND "BLACK BUDGETS"...
FarSight3 -- Monday, 23-May-2005 19:19:08
CHINA"ON THE LONG LINE"IMPOSES EXP.TARIFFS ON TEXTILES
FarSight3 -- Monday, 23-May-2005 20:00:02
FORGOT THE SOURCE OF THE FIRST CONTRIBUTION...
FarSight3 -- Monday, 23-May-2005 20:04:18
CNOOC BIDS FOR UNOCAL! IS CHINA NWO? YESSSSSS...
FarSight3 -- Thursday, 23-Jun-2005 12:06:11
CHINA WAS BUILT AT THE EXPENSE OF THE AMERICAN PEOPLE.. *PIC*
FarSight3 -- Thursday, 23-Jun-2005 13:25:21
THE REAL WMDs AND CHINA...
FarSight3 -- Wednesday, 13-Jul-2005 12:48:33
CHEVRON REFINERY"ALERT" IN RICHMOND CONNECTED TO CNOOC?
FarSight3 -- Friday, 24-Jun-2005 14:57:06
Reader: WHY DON'T HAVE WE *NEW REFINERIES*..."?
FarSight3 -- Friday, 24-Jun-2005 17:09:21
WHAT IF THE US "DUPES" THE WORLD-SWITCH TO NEW ENERGIES
FarSight3 -- Friday, 24-Jun-2005 17:32:37
ONE FOR FOX: "UNOCAL"-A BRILLIANT CHINESE MANEUVER!!! *PIC*
FarSight3 -- Sunday, 26-Jun-2005 18:32:11
THE "PLAN": OFFEN$IVE $TRATEGIE FOR DEFENDING THE US$..
FarSight3 -- Wednesday, 6-Jul-2005 20:27:34
AMERICAS "FOR SALE" AS CHINA COMES IN THROUGH BE-CANADA
FarSight3 -- Wednesday, 24-Aug-2005 05:38:48
Readers: WHY AMERICA IS FUNDAMENTALLY BANKRUPT, THE FED
FarSight3 -- Thursday, 25-Aug-2005 11:10:32
Reader: "NEAR IMPOSSIBLE TO COLLECT", GREAT LINK INCL!!
FarSight3 -- Thursday, 25-Aug-2005 14:50:26
REVEALING FED-UP/DOWN-ANALYSIS: THE HOUSING BUBBLE & M3
FarSight3 -- Sunday, 11-Dec-2005 15:22:52
THE ULTIMATE WEAPON: THE NEW EURO OIL-BOURSE OF IRAN...
FarSight3 -- Sunday, 11-Dec-2005 16:39:39
RML: "THERE WILL BE A HELL OF A PRICE TO PAY"...
FarSight3 -- Wednesday, 14-Dec-2005 22:17:18
RML, EXCELLENT: ONE MORE POSSIBILITY
Ghostwolfemoon -- Wednesday, 14-Dec-2005 23:26:24
VKD-RUMOR: FEDERAL RESERVE DOWN FROM NOW?
FarSight3 -- Monday, 2-Jan-2006 13:40:03
Reader: WHAT WOULD THIS MEAN TO THE AVERAGE "REDNECK"?
FarSight3 -- Monday, 2-Jan-2006 19:25:55
VK: IF THE FED GOES DOWN WE (YOU) RAISE HELL!
Esclarmonde -- Monday, 2-Jan-2006 21:53:43
E- VK... MOST PEOPLE DO NOT UNDERSTAND THIS
APHRODITE -- Monday, 2-Jan-2006 22:11:22
FED: WHAT IF EVTH. STAYS THE SAME AS THE SAME PTBS...
FarSight3 -- Tuesday, 3-Jan-2006 08:24:20
Readers: THE SECRET NWO-AGENDAS, MORE STOCK MARKET...
FarSight3 -- Tuesday, 3-Jan-2006 09:54:06
Readers: "SIMPLIFY AND YOU'LL WIN"!-"WHY BANKS AT ALL"?
FarSight3 -- Tuesday, 3-Jan-2006 15:41:58
MORE UNOCAL! Readers: IS "ARNOLD" A "RONALD" ANAGRAM..?
FarSight3 -- Monday, 27-Jun-2005 08:17:14
"MILITARY-COUP" IN US PENDING? ****GENERAL IMPRISONED..
FarSight3 -- Tuesday, 9-Aug-2005 20:15:30
NO MILITARY COUP TAKING PLACE
Ghost -- Tuesday, 9-Aug-2005 21:52:19
READERS COMMENT: ZIPPER DISCIPLINE INFRACTION..LOL
Ghost -- Tuesday, 9-Aug-2005 23:11:20
Agents+Readers respond: "MILITARY-COUP" IN US PENDING?
FarSight3 -- Wednesday, 10-Aug-2005 05:36:23
4-STAR FIRED; OFFICIALS CITE SEXUAL MISCONDUCT
Ghost -- Wednesday, 10-Aug-2005 11:40:14
WHAT'S REALLY GOING ON? THIS DOESN'T MAKE SENSE
Rayelan -- Wednesday, 10-Aug-2005 15:24:23
Reader: "I LOVE THIS TRIPLE-FALSE DICHOTOMY..."
FarSight3 -- Wednesday, 10-Aug-2005 14:45:42
Reader ON ****GENERAL BYRNES & FROM HIS CV (BOSNIA)... *PIC*
FarSight3 -- Wednesday, 10-Aug-2005 19:44:41
GEN.BYRNES "SACKED" BECAUSE OF NUKE "EXERCISE"...?
FarSight3 -- Thursday, 11-Aug-2005 07:18:46
More Readers respond: GEN. BYRNES, PREDICTIONS...
FarSight3 -- Thursday, 11-Aug-2005 15:24:09
Readers: NUKE EXERCISE/GOLD-ALERT!!...
FarSight3 -- Thursday, 11-Aug-2005 16:20:55
GEN.BYRNES WANTED NO GREEN-CARD SOLDIERS, THE NEXT GOES
FarSight3 -- Wednesday, 24-Aug-2005 07:12:56
GENERAL KOBAYASHI = IRS? WEIRDNESS ABOUNDS!
Esclarmonde -- Wednesday, 24-Aug-2005 11:24:38
READER: PARAMILITARY IRS
Esclarmonde -- Wednesday, 24-Aug-2005 23:48:23
THIS IS TRULY UNSETTLING - FROM A READER...
Esclarmonde -- Wednesday, 24-Aug-2005 23:51:06
WAS 4-STAR BYRNES 1 OF CLINTOON'S PERFUME GENERALS?
Ghost -- Wednesday, 24-Aug-2005 12:45:25
REVEALING WP EDITORIAL ABOUT BYRNES: "AN ARMY AFFAIR"..
FarSight3 -- Friday, 12-Aug-2005 12:52:57
NUCLEAR DRILL TO"GO LIVE"? MADEUP CASE FOR IRAN? AGAIN?
FarSight3 -- Friday, 12-Aug-2005 14:59:26
Readers:NOT CORRUPT! BYRNE'S REMOVED FOR "INDISCRETION"
FarSight3 -- Friday, 12-Aug-2005 16:29:36
A FRIEND OF KAY GRIGGS SPEAKS ON BYRNES: "U R RIGHT"...
FarSight3 -- Saturday, 13-Aug-2005 05:19:01
CHINA/US/BE/EAST INDIA COMPANY - MAO WAS A "YALIE"...
FarSight3 -- Saturday, 13-Aug-2005 08:59:56
THE FRENCH "OUI" ON EU & THE "IMPOTENCE" OF INDIVIDUALS
FarSight3 -- Tuesday, 24-May-2005 06:07:04
Reader: "PANIC" ABOUT EU-REFERENDUM ON JUNE 1 IN NL...
FarSight3 -- Tuesday, 24-May-2005 08:20:54
HADASHI: THE REAL PURPOSE OF THE IRAQ WAR, ISRAEL&CHINA
FarSight3 -- Monday, 8-Aug-2005 18:09:23
Re: HADASHI: THE REAL PURPOSE OF THE IRAQ WAR, ISRAEL&C
nolefturn -- Friday, 12-Aug-2005 23:39:44
BILLION DOLLARS PLUNDERED FROM IRAQ'S DEFENCE MINISTRY!
FarSight3 -- Tuesday, 20-Sep-2005 06:46:29
AGAIN,AGAIN: TWO "DISGUISED AS ARABS" CAUGHT IN BAGHDAD
FarSight3 -- Thursday, 13-Oct-2005 13:25:46
POLES
chugiiak -- Thursday, 13-Oct-2005 21:33:26
LAWYER FOR ONE OF SADDAM'S CO-DEFENDANTS KIDNAPPED...
FarSight3 -- Thursday, 20-Oct-2005 16:46:45

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AN EXPLANATION OF THE FACTIONS