Reply #16: Iraq 'facing corruption threat' (BBC) ..(biggest corruption in history) [View All]

[cthrumatrix]

Iraq 'facing corruption threat'

Oil reserve management needs more transparency, the report says
The reconstruction of post-war Iraq is in danger of becoming "the biggest corruption scandal in history", Transparency International has warned.

snip

Since the overthrow of Saddam Hussein, bribery has taken place at all levels of government while officials within the Coalition Provisional Authority, contractors and ministry staff have admitted to corruption.

According to Transparency International, the former regime's control of the economy left a legacy of corruption which survived its collapse.

'Secret process'

However, the body is critical of the United States' handling of the reconstruction process, arguing that its process for awarding public contracts was secretive and favoured a small number of large firms.

snip

"In its procurement strategies, the US has been a poor role model in how to keep corrupt practices at bay," the report says.

snip

http://news.bbc.co.uk/2/hi/business/4353491.stm


business as usual for this admin......corruption with every step of this 'war for oil'.