news.bbc.co.uk
Open in
urlscan Pro
212.58.249.145
Public Scan
Submitted URL: http://news.bbc.co.uk/2/hi/7444083.stm
Effective URL: http://news.bbc.co.uk/1/hi/7444083.stm
Submission: On November 17 via manual from IN — Scanned from GB
Effective URL: http://news.bbc.co.uk/1/hi/7444083.stm
Submission: On November 17 via manual from IN — Scanned from GB
Form analysis
0 forms found in the DOMText Content
BBC News Updated every minute of every day BBC News at Ten News Front Page World Africa Americas Asia-Pacific Europe Middle East South Asia UK England Northern Ireland Scotland Wales Business Politics Health Education Science & Environment Technology Entertainment Also in the news ----------------- Video and Audio ----------------- Have Your Say Magazine In Pictures Country Profiles Special Reports RELATED BBC SITES * Sport * Weather * Democracy Live * Radio 1 Newsbeat * CBBC Newsround * On This Day * Editors' Blog Languages * Arabic * Persian * Turkish * More Page last updated at 17:25 GMT, Tuesday, 10 June 2008 18:25 UK E-mail this to a friend Printable version BBC UNCOVERS LOST IRAQ BILLIONS By Jane Corbin BBC News Waxman: "It may well turn out to be the largest war profiteering in history." A BBC investigation estimates that around $23bn (£11.75bn) may have been lost, stolen or just not properly accounted for in Iraq. The BBC's Panorama programme has used US and Iraqi government sources to research how much some private contractors have profited from the conflict and rebuilding. A US gagging order is preventing discussion of the allegations. The order applies to 70 court cases against some of the top US companies. War profiteering While Presdient George W Bush remains in the White House, it is unlikely the gagging orders will be lifted. To date, no major US contractor faces trial for fraud or mismanagement in Iraq. The president's Democratic opponents are keeping up the pressure over war profiteering in Iraq. Henry Waxman, who chairs the House committee on oversight and government reform, said: "The money that's gone into waste, fraud and abuse under these contracts is just so outrageous, it's egregious. "It may well turn out to be the largest war profiteering in history." In the run-up to the invasion, one of the most senior officials in charge of procurement in the Pentagon objected to a contract potentially worth $7bn that was given to Halliburton, a Texan company which used to be run by Dick Cheney before he became vice-president. Unusually only Halliburton got to bid - and won. Missing billions The search for the missing billions also led the programme to a house in Acton in west London where Hazem Shalaan lived until he was appointed to the new Iraqi government as minister of defence in 2004. Judge Radhi al Radhi: "I believe these people are criminals." He and his associates siphoned an estimated $1.2bn out of the ministry. They bought old military equipment from Poland but claimed for top-class weapons. Meanwhile they diverted money into their own accounts. Judge Radhi al-Radhi of Iraq's Commission for Public Integrity investigated. He said: "I believe these people are criminals. "They failed to rebuild the Ministry of Defence, and as a result the violence and the bloodshed went on and on - the murder of Iraqis and foreigners continues and they bear responsibility." Mr Shalaan was sentenced to two jail terms but he fled the country. He said he was innocent and that it was all a plot against him by pro-Iranian MPs in the government. There is an Interpol arrest warrant out for him but he is on the run - using a private jet to move around the globe. He stills owns commercial properties in the Marble Arch area of London. -------------------------------------------------------------------------------- Panorama: Daylight Robbery will be on BBC One at 9pm on Tuesday 10 June 2008. E-mail this to a friend Printable version BOOKMARK WITH: * Delicious * Digg * reddit * Facebook * StumbleUpon What are these? STRUGGLE FOR IRAQ KEY STORIES Fresh bombings hit Iraq pilgrims Deadly bombings hit Iraq pilgrims Blair 'misread' Iran view on Iraq US soldier on Iraq leaks charges FEATURES AND ANALYSIS Day at the races The remarkable survival of Baghdad racecourse Dangerous stalemate after election Water still muddy after Sadr vote Sadrist vote could anoint new Iraq PM Iraq views: Voters' uncertainty lingers Can Allawi heal Iraq's wounds? The Iraqi bridge to stability Baghdad diary: Three generations GUIDES AND BACKGROUND Iraq: Key facts and figures Guide to groups in Iraqi polls Q&A: Iraqi parliamentary polls VIDEO PROFILES Paper seller: 'God knows who will win' Tailor: 'Business was good under Saddam' Tennis player: 'I have the same dream' SPECIAL REPORT Struggle for Iraq SEE ALSO US spending in Iraq ignored rules 23 May 08 | Americas RELATED BBC LINKS Panorama TOP MIDDLE EAST STORIES Iranian scientist 'heading home' Attack on Yemen security offices Libyan 'Gaza ship' docks in Egypt | News feeds MOST POPULAR STORIES NOW * SHARED * READ * WATCHED/LISTENED Most popular now, in detail * SHARED * READ * WATCHED/LISTENED * BBC News * BBC News * BBC News * BBC News * BBC News * BBC News * Church 'colluded' with sex abuse bishop * UK rail ticket machines hit by IT glitch * BBC News * BBC News Most popular now, in detail * SHARED * READ * WATCHED/LISTENED * BBC News * BBC News * BBC News * BBC News * BBC News * BBC News * BBC News Channel * Gay in Northern Ireland: 'He spat in my face' * BBC News * BBC News Most popular now, in detail FEATURES, VIEWS, ANALYSIS Ghost town Has China's housing bubble burst? The guerilla plant How the world's oldest clove tree defied an empire Walking away Why Royal Ballet principal Sergei Polunin quit Most Popular Now 17,029 pages were read in the last minute. Most Popular Now Most Popular Now | 56,514 people are reading stories on the site right now."; Skip to top PRODUCTS & SERVICES * E-mail news * Mobiles * Widgets & Alerts * News feeds * Interactive TV * Podcasts