Wednesday, June 11, 2008

BBC UNCOVERS MASSIVE IRAQ CONTRACTOR CORRUPTION

I've posted before about the astounding incompetence of the CPA in Iraq and how that was compounded by the Iraqis themselves but until now I didn't know how many court cases had begun. The BBC states that there 70 against companies involved in Iraq, some of them against prominent U.S. firms. As can be expected with the most secretive Administration since Nixon, all the cases are under gag orders.

BBC uncovers lost Iraq billions
By Jane Corbin
BBC News
Page last updated at 17:25 GMT, Tuesday, 10 June 2008 18:25 UK

A BBC investigation estimates that around $23bn (£11.75bn) may have been lost, stolen or just not properly accounted for in Iraq.

For the first time, the extent to which some private contractors have profited from the conflict and rebuilding has been researched by the BBC's Panorama using US and Iraqi government sources.

A US gagging order is preventing discussion of the allegations.

The order applies to 70 court cases against some of the top US companies.

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