VOL. XLVII

No 06

9-February-2004

IRAQ RECONSTRUCTION

SOMO Document Reveals $1.175Bn Held In Foreign Currency Accounts Prior To Regime Change

A document obtained by MEES reveals a total of $1.175bn from activities outside the UN-controlled oil-for-food program held by Iraqs SOMO oil company in accounts with regional and local banks and Iraqi embassies abroad, prior to the fall of the Saddam Husain regime. The account details (which show account balances at the end of February, March and April 2003)...