(OK Dems where are you?)
http://www.guardian.co.uk/print/0,3858,4957988-103681,00.html Billions of revenue from oil 'missing'
Stephen Bates and Richard Norton-Taylor
Monday June 28, 2004
The Guardian
A Christian charity has accused the coalition authority in Iraq of failing to account for up to $20bn (nearly £11bn) of oil revenues which should have been spent on relief and reconstruction projects.
At the same time, the Liberal Democrats are demanding an investigation into the way the US-led administration in Baghdad has handled Iraq's oil revenues. The coalition is obliged to pay all oil revenues into the Development Fund for Iraq, but according to Liberal Democrat figures, the fund could be short by as much as $3.7bn.
Sir Menzies Campbell, Lib Dem foreign affairs spokesman, said yesterday: "This apparent discrepancy requires full investigation".
Christian Aid, in a report today, claims that the US-controlled Coalition Provisional Authority, which hands over power to an interim administration in Iraq this week, is in flagrant breach of the UN security council resolution which gave it control of the country's oil revenues.
Resolution 1483, passed in May 2003, stated that the money should be spent in the interests of the Iraqi people and independently audited, but an auditor was appointed only in April.
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