Iraq hunting $17 billion missing after US invasion

Iraq's parliament is chasing about $17 billion of Iraqi oil money it says was stolen after the 2003 US-led invasion and has asked the United Nations for help to track it down.

The missing money was shipped to Iraq from the United States to help with reconstruction after the ouster of Saddam Hussein.

In a letter to the UN office in Baghdad last month, parliament's Integrity Committee asked for help to find and recover the oil money taken from the Development Fund of Iraq (DFI) in 2004 and lost in the chaos that followed the invasion.

"All indications are that the institutions of the United States of America committed financial corruption by stealing the money of the Iraqi people, which was allocated to develop Iraq, (and) that it was about $17 billion," said the letter sent to the UN with a 50-page report.
The committee called the disappearance of the money a "financial crime" but said UN Security Council resolutions prevent Iraq from making a claim against the United States.

"Our committee decided to send this issue to you ... to look into it and restore the stolen money," said the letter.

UN officials were not immediately available for comment.

SALARIES, PENSIONS

The DFI was established in 2003 at the request of the Coalition Provisional Authority (CPA), the US body headed by Paul Bremer that governed Iraq after the invasion. The fund was to be used to pay the salaries and pensions of Iraqi government workers and for reconstruction projects.

In 2004, the administration of former US President George W Bush flew billions of dollars in cash into Iraq. The money came from the sale of Iraqi oil, surplus funds from the UN oil-for-food program and seized Iraqi assets.

Last July, an audit report from the US Special Inspector General for Iraq Reconstruction (SIGIR) said the US Department of Defense was unable to account properly for $8.7 billion of Iraqi oil and gas money after the 2003 invasion.

Iraqi government spokesman Ali al-Dabbagh told Al Jazeera television on Sunday: "No one on the Iraqi side was controlling the work of Paul Bremer at that time. So I think the administration of the United States needs to give the answers for where and how this (money) was being used.

"We do understand that Iraqis are also engaged in such lack of transparency and corruption related to the Paul Bremer time in Iraq," he added.

Osama al-Nujaifi, Iraq's parliament speaker, said a committee was investigating what happened to some $20 billion of DFI money.

"Some of these funds were spent and are documented. But some do not have such documents," he said. "We as a parliament are working together with the Iraqi Board of Supreme Audits and with coordination of SIGIR to know where this money ended up."

The appeal to the United Nations could help Iraq recover its money by putting its case before the international community, said Bahaa al-Araji, the head of the Integrity Committee.

"We cannot sue the Americans. Laws do not allow us to do that. All we want is to get this issue to the UN," Araji said. "If this works, it will open the way for Iraq to restore its stolen money." In 2003, the CPA issued an order granting immunity to US personnel and institutions working in Iraq.

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Premier League clubs get real with home shopping

English Premier League clubs are spending big on home-grown youngsters in what could be the first indication that they are finally coming to terms with reality.

















With UEFA's financial fair play rules looming and a new quota system in place, Jordan Henderson and Phil Jones are poised to join Liverpool and Manchester United respectively for nearly 40 million pounds.
Although more big-name foreign players are likely to be recruited before next season, early activity in the transfer market indicates a possible change of approach as part of a long-term strategy.
Encouraged by Chris Smalling's assured first-team displays after signing him from Fulham last year at 20, United have targeted 19-year-old Jones, Atletico Madrid goalkeeper David de Gea, 20, and perhaps Everton midfielder Jack Rodwell.
These players do not come cheaply as Liverpool found out when when they had to pay 35 million pounds for 22-year-old striker Andy Carroll in January but once wages are included in the equation, such deals are better value than signing established players who command much higher salaries.
There is also a sensible business reason because a 20-year-old is likely to retain or increase his transfer value five years on, whereas a player bought at his peak at 28 or 29 becomes a less of an asset once into his 30s.
Clubs are also now operating in the shadow of UEFA's financial fair play rules which will only allow them to take part in European competition if their expenditure is covered by generated revenue.
This has increased the pressure to feed players from their own academies into their first team, something that happens all too rarely with the leading teams at the moment.

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US presses Saleh to hand over power in Yemen as British military assets deployed

 

Anti-government protestors celebrate President Ali Abdullah Saleh's departure to Saudi Arabia, in Sana'a. (File photo)

The White House called late Monday for an “immediate transition” of power in Yemen, where the United States fears Al Qaeda could exploit political turmoil and strengthen its presence, as Britain confirmed the deployment of military assets near the embattled nation.

After four months of deadly unrest, Ali Abdullah Saleh’s 33-year-old regime was teetering even before the president was wounded in an attack on his palace and flown late Saturday to neighboring Saudi Arabia for treatment.

“We believe that an immediate transition is in the best interests of the people and the best interest of maintaining stability in obviously a very unstable situation,” said White House spokesman Jay Carney.

Secretary of State Hillary Rodham Clinton of the United States, speaking alongside French counterpart Alain Juppe at a Washington press conference, made it clear President Saleh should leave power but stopped short of expressly ordering him to do so, according to Agence-France Presse.

“The civilian government remains in power in Yemen. The vice president is currently serving as the acting president,” said Mrs. Clinton, adding that US embassy staff were meeting with “a broad cross-section of Yemeni officials as well as civil society to try to better assess what this means to the country.”

“Obviously, I can’t speculate on what President Saleh is going to do or say, but we do want to emphasize we're calling for a peaceful and orderly transition, a non-violent transition that is consistent with Yemen’s own constitution,” she said.

“We think an immediate transition is in the best interest of the Yemeni people, because the instability and lack of security currently afflicting Yemen cannot be addressed until there is some process that everyone knows is going to lead to the sort of economic and political reforms that they are seeking,” she said.

Washington supports a deal, brokered by the regional Gulf Cooperation Council bloc that would see Mr. Saleh cede power to an interim administration within 30 days, in exchange for immunity from prosecution.

Mr. Saleh, a wily operator who since 1978 has bought off tribal loyalties and stitched them together into a governable framework, has refused to sign the accord and warned that his ouster would only serve to boost Al Qaeda.

“Our position is that we support the agreement that President Saleh had talked about signing several times and didn't,” Mr. Carney said.

“We want a peaceful and orderly transition that’s consistent with the Yemeni constitutional process. Our position hasn’t changed.”

A top aide said Monday that 65-year-old Saleh, who was recuperating in a Riyadh military hospital, planned to return within days, a move likely to set off another round of unrest in the violence-plagued nation of 24 million people.
Saudi officials insist they will not interfere with Mr. Saleh’s decision to return to Yemen or stay in the kingdom, but behind the scenes the United States and Europe are likely to be pressing the Saudis to ensure President Saleh’s stay becomes permanent, according to Reuters.

“The Saudis will seize the opportunity ... to extend his medical recovery into a political rest,” said Yemen expert Khaled Fattah. The risk of Yemen descending into Somalia-style anarchy was “a nightmare for Saudi national security.”

In Sana’a, a fragile truce held despite a deadly sniper attack on loyalists of a powerful tribal chief blamed for Friday’s bomb attack which wounded Mr. Saleh as he prayed inside a mosque in his compound, according to AFP.

Tens of thousands of people took to the streets of Yemen’s capital on Sunday to cheer what they said was the end of Saleh’s regime.

There was fresh fighting in the southern city of Taez, and also in the southern province of Abyan, where armed men killed seven soldiers and wounded 12 others in clashes in Zinjibar on Monday, a local official and witnesses said, according to Reuters.

An army force had tried to storm the town of 20,000. Last month, dozens of armed men believed to be from Al Qaeda stormed into Zinjibar, chasing out security forces.

The situation presents US partner Saudi Arabia and Washington with a conundrum as President Saleh has been a key ally in the fight against Al Qaeda’s Yemen-based franchise, Al Qaeda in the Arabian Peninsula.

AQAP has claimed several attacks against the United States and other Western interests.

The group was linked to the “underwear bomber”—a young Nigerian who allegedly tried to blow up a packed transatlantic airliner as it landed in Detroit on Christmas Day 2009.

It was also blamed for the more recent parcel bomb plot, involving sophisticated explosive devices hidden in printer inkjet cartridges and sent via air freight to Jewish addresses in the United States.
Britain on Monday confirmed the deployment of military assets near Yemen but did not verify reports that ships were on standby in the Gulf to evacuate its nationals.

“As part of routine deployment UK military assets are in the region, although we are not prepared to comment further on their exact operational tasking,” a Ministry of Defense (MoD) spokesman said.

Around 80 marines were on board naval support ship RFA Fort Victoria, according to the BBC, while Sky News reported that the RFA Argus was also in the area.

The MoD would not confirm whether an evacuation was planned and repeated Foreign Secretary William Hague’s plea for all British nationals to leave Yemen immediately by commercial means.

In a statement delivered on Friday, Mr. Hague said it was “extremely unlikely” the British government would be able to evacuate its nationals given the volatile situation, AFP reported.

Britain first advised nationals to leave on March 12, and a dramatic escalation of hostilities led Mr. Hague to issue Friday’s strongly-worded warning.

In a joint statement on Monday, Chancellor Angela Merkel of Germany, President Nicolas Sarkozy of France, and the Prime Ministers of Britain, Spain and Italy, thanked Saudi Arabia for receiving Mr. Saleh for treatment, and called on all parties in Yemen to “find a means of reconciliation on the basis of the GCC initiative,” according to Reuters.

Yemen, which relies on oil for 60 percent of its economy, has been dealt a heavy blow by the closure of an oil pipeline that trade sources said has caused a fuel shortages.

But the future of Yemen, dominated by rivalries among tribal leaders, generals and politicians, remains uncertain.

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