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IRAQ: Biggest bank robbery in history?

Discussion in 'BBS Hangout: Debate & Discussion' started by rockHEAD, May 6, 2003.

  1. rockHEAD

    rockHEAD Member

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    Hussein's Son Took $1 Billion Just Before War, Bank Aide Says

    BAGHDAD, Iraq, May 5 — In the hours before American bombs began falling on the Iraqi capital, one of President Saddam Hussein's sons and a close adviser carried off nearly $1 billion in cash from the country's Central Bank, according to American and Iraqi officials here.

    The removal of the money, which would amount to one of the largest bank robberies in history, was performed under the direct orders of Mr. Hussein, according to an Iraqi official with knowledge of the incident. The official, who asked not to be identified, said that no financial rationale had been offered for removing the money from the bank's vaults, and that no one had been told where the money would be taken.

    "When you get an order from Saddam Hussein, you do not discuss it," said the Iraqi official, who held a senior position in a bank under Mr. Hussein's government. He said he had been told about the seizure of the cash by the Iraqi financial officials who had turned over the money to Mr. Hussein's son and the adviser.

    Qusay Saddam Hussein, Mr. Hussein's second son, presided over the seizure of the money, along with Abid al-Hamid Mahmood, the president's personal assistant, the Iraqi official here said. The seizure took place at 4 a.m. on March 18, just hours before the first American air assault.

    The two men carried a letter from the president, bearing his signature, authorizing the removal of the money, the official said.

    The sheer volume of the cash was so great — some $900 million in American $100 bills and as much as $100 million worth of euros — that three tractor-trailers were needed to cart it off, the Iraqi official said. It took a team of workers two hours to load up the cash. Their work was completed before employees of the downtown Baghdad bank arrived for work.

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