$13bn Iraq-US Deal may be Cancelled due to Corruption

An arms deal under which Iraq would buy $13 billion in American weapons has been recommended for cancellation by the Iraqi parliament’s integrity committee, reports AKnews.

The deal has been criticized for involving extensive financial corruption.

A member of the committee, Aliya Nussaif, told AKnews that the parliament has passed a request by the committee to the legal committee with a view to legislating to cancel the Foreign Military Sales program (FMS) after “financial corruption” has been confirmed in the deal.

“Our request came after we saw details of the program which has been misappropriating large amounts of Iraqi money since the entry of the U.S. forces into Iraq,” Nussaif told AKnews.

“All Iraqi arms deals have been through this notorious program and which have provided eastern made weapons to Iraq,” Nussaif said.

Corruption is a major problem in the country. The corruption index for 2010 issued by Transparency International pointed that Iraq is among the world's most corrupt countries.

The deal would have seen Iraq purchase F-16 fighters, Abrams tanks, and other heavy weaponry worth about US$13 billion.

(Source: AKnews)

Comments are closed.