Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (39525)	7/12/2007 3:05:40 PM
From: KonKilo	Read Replies (1) \| Respond to of 541780

See: US Treasury, Looting Of

To: Steve Lokness who wrote (39525)	7/12/2007 3:08:00 PM
From: Sam	Read Replies (1) \| Respond to of 541780

How weird--how many bags did it take to carry that much cash out? And when I googled the story, I only got a couple of US hits, most were from Canada and the UK. None from the Post, the Times, the Journal, the Tribune, or any of the leading US papers. Here is Reuters.uk: Nearly $300 million stolen from Baghdad bank Thu Jul 12, 2007 10:19AM BST Email This Article \|Print This Article \| RSS [-] Text [+] BAGHDAD (Reuters) - Thieves have stolen nearly $300 million (148 million pounds) from a bank in Baghdad, police and a bank official said on Thursday, in what is probably one of the biggest thefts in Iraq since the 2003 war to topple Saddam Hussein. Police said the thieves were three guards who worked at the private Dar Es Salaam bank in Baghdad's Karrada district. They said that when bank employees arrived for work on Wednesday they found the front door open and the money gone. The guards, who normally slept at the bank, had also disappeared, they said. An official at the bank said about $300 million in U.S. dollars had been stolen, as well as 220 million Iraqi dinars (87,000 pounds). He declined to give further details. Police said the Interior Ministry and the Finance Ministry had set up a committee to investigate the theft. It was not immediately clear why the bank had so much cash on hand, but Karrada is a key commercial district in Baghdad. Ever since the U.S.-led invasion of Iraq, most transactions have been conducted in cash because of limited facilities to transfer money through banks or other financial institutions. Huge amounts of money were looted from Iraq's banks during the invasion.