Information, observations, and analysis from the James River valley on the Northern Plains-----
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LONDON, England (Reuters) -- Large-scale corruption in Iraq's ministries, particularly the defense ministry, has led to one of the biggest thefts in history with more than $1 billion going missing, Iraq's finance minister said in an interview.
"Huge amounts of money have disappeared. In return we got nothing but scraps of metal," Finance Minister Ali Allawi told British newspaper The Independent in a report published on Monday. "It is possibly one of the largest thefts in history."
Corruption, both in the bidding for and the awarding of contracts, and in the administration of public offices, is one of the most frequent accusations made by Iraqis against their government and foreign firms operating in the country. Click the link below for the whole story. http://www.cnn.com/2005/WORLD/meast/09/19/iraq.corruption.reut/index.html?section=cnn_latest