Home          Archives           Jerusalem Center Homepage       View the current issue           Jerusalem Center Videos           
Back

Hunting Saddam's Hidden Treasure


(Newsweek) - Mark Hosenball U.S. investigators are seeking to locate millions of dollars worth of Iraqi wealth stolen by Saddam - money the U.S. hopes to spend on rebuilding Iraq. Administration officials suspect large sums of illicit Iraqi money have moved through Syria, which for years helped Saddam's government evade UN sanctions by operating a black market in Iraqi oil. International oil traders have also talked of illicit kickbacks paid to secret bank accounts in Jordan. U.S. officials note that Amman allowed Iraq's biggest financial institution, the Rafidain Bank, to continue operating despite sanctions. Investigators believe Saddam and other family members still have large sums squirreled away in financial havens like Switzerland and the Far East.
2003-04-25 00:00:00
Full Article

Subscribe to
Daily Alert

Name:  
Email:  

Subscribe to Jerusalem Issue Briefs

Name:  
Email: