The Conservative Cave
Current Events => Breaking News => Topic started by: Chris_ on May 31, 2008, 11:04:07 PM
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$35 Billion in Oil Money Missing from State Coffers (http://pajamasmedia.com/blog/mega-scandal-in-iran-35-billion-in-oil-money-missing-from-state-coffers/)
In what appears to be the biggest case of corruption in Iran, and perhaps in the Middle East, the Tehran-based Shahab News reported that the chief auditing office of the Iranian parliament (Majlis) has revealed that close to $35 billion of oil income from the financial year 2006-07 is missing.
According to Iranian law, this money should have been paid by the government of President Ahmadinejad into Iran’s central bank. Once there, the government can request the withdrawal of funds for projects, depending upon the approval of the Majlis. However, the new investigation shows that the government never paid the money into the central bank, and no one knows what has happened to it. Although it has not yet been proven, many suspect that the money has been used to finance corrupt activities of politicians surrounding the president, or the president himself. After all, it is very unlikely that this could have happened without his knowledge.
This is a serious allegation, as this amount constitutes almost half of Iran’s total oil income for that year.
To make matters worse, this is not the first time since the start of the presidency of Mahmoud Ahmadinejad that money has been used without the Majlis’ knowledge. One other famous case took place during the 2007-08 financial year. It was revealed later that $2 billion was used to import gasoline, without any consultation or approval of the members of the Iranian parliament.
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http://pajamasmedia.com/blog/mega-scandal-in-iran-35-billion-in-oil-money-missing-from-state-coffers/