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Context of 'November 2006: CPA Official Shrugs Off Missing $8.8 Billion in Iraq Funds'

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Lieutenant Colonel Oliver North, a mid-level National Security Council staff member, is put in charge of the upcoming shipment of US Hawk anti-aircraft missiles to Iran (see November 24-25, 1985). [PBS, 2000]

Entity Tags: Oliver North, National Security Council

Timeline Tags: Iran-Contra Affair

Outgoing National Security Adviser Robert McFarlane and National Security Council staffer Oliver North fly to London to meet with Manucher Ghorbanifar, an Iranian arms merchant. Also present at the meeting are David Kimche, of Israel’s Foreign Ministry, and Israeli arms dealer Yaacov Nimrodi. McFarlane tells Ghorbanifar that the US wants to end arms sales to Iran, though the US wants to continue pursuing diplomatic relations. [New York Times, 11/19/1987] The US will in actuality continue selling arms to Iran (see January 7, 1986 and January 17, 1986).

Entity Tags: Manucher Ghorbanifar, David Kimche, Oliver North, Yaacov Nimrodi, Robert C. McFarlane

Timeline Tags: Iran-Contra Affair

Stuart W. Bowen.Stuart W. Bowen. [Source: PBS]A report completed by Stuart W. Bowen, the Special Inspector General for Iraq Reconstruction, finds that $8.8 billion of the $20 billion in Iraqi funds that the Coalition Provisional Authority spent between April 16, 2003 and June 28, 2004 is unaccounted for because of inefficiencies and bad management. “Severe inefficiencies and poor management” by the Coalition Provisional Authority has “left auditors with no guarantee the money was properly used,” the report says. The reports says that in once case, it’s possible that thousands of “ghost employees” were on an unnamed ministry’s payroll. “CPA staff identified at one ministry that although 8,206 guards were on the payroll, only 602 guards could be validated,” the audit report states. “Consequently, there was no assurance funds were not provided for ghost employees.” [Special Inspector General for Iraq Reconstruction, 1/30/2005, pp. 16 pdf file; CNN, 1/31/2005] Two years after the release of this report, the inspector general will tell Congressman Henry Waxman (D-Ca) that the $8.8 billion figure was in fact too low because his investigation was limited to funds disbursed to Iraqi ministries between October 2003 and June 24, 2004. Bowen will tell Waxman that he believes that the lack of accountability and transparency actually extended to the entire $20 billion spent by the CPA. [US Congress, 2/6/2007, pp. 16 pdf file]

Entity Tags: Coalition Provisional Authority, Special Inspector General for Iraq Reconstruction, Stuart W. Bowen

Timeline Tags: Iraq under US Occupation

Retired Admiral David Oliver, who served as the Coalition Provisional Authority’s principal deputy for financial matters during the summer of 2003, is interviewed by the BBC, which is doing a documentary on the billions of dollars in missing Iraqi funds. When asked what happened to the $8.8 billion that the Special Inspector General for Iraq Reconstruction concluded could not be accounted for (see January 30, 2005), Oliver responds: “I have no idea, I can’t tell you whether or not the money went to the right things or didn’t—nor do I actually think it’s important.” The interviewer than asks, “Not important?” And Oliver says, “No. The coalition—and I think it was between 300 and 600 people civilians—and you want to bring in 3,000 auditors to make sure money’s being spent?” The interview than notes, “Yes, but the fact is billions of dollars have disappeared without trace…” And Oliver says in response, “Of their money. Billions of dollars of their money, yeah I understand, I’m saying what difference does it make?… I chose to give that money to the Iraqis, they got the power working within eight days in the major hospitals in Baghdad.” [BBC, 11/9/2006; US Congress, 2/6/2007, pp. 17 pdf file]

Entity Tags: David Oliver

Timeline Tags: Iraq under US Occupation

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