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Iraq asks UN to track down $17 billion missing after US invasion

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Iraq’s parliament is chasing about $17 billion of Iraqi oil money it says was stolen after the 2003 U.S.-led invasion and has asked the United Nations for help to track it down.

The missing money was shipped to Iraq from the United States to help with reconstruction after the ouster of Saddam Hussein.

In a letter to the U.N. office in Baghdad last month, Parliament’s Integrity Committee asked for help to find and recover the oil money taken from the Development Fund of Iraq (DFI) in 2004 and lost in the chaos that followed the invasion.

"All indications are that the institutions of the United States of America committed financial corruption by stealing the money of the Iraqi people, which was allocated to develop Iraq, (and) that it was about $17 billion," said the letter sent to the U.N. with a 50-page report.

But most telling is: "In 2003, the Coalition Provisional Authority issued an order granting immunity to U.S. personnel and institutions working in Iraq. ... ’We cannot sue the Americans. Laws do not allow us to do that...’"

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