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<p>AMMAN, Jordan (CNN) -- Saddam Hussein withdrew $2 billion from Iraqi banks last spring, including a sizable withdrawal a week after the fall of Baghdad, according to a member of the Iraq Governing Council.</p> <p>Dr. Iyad Allawi -- in an interview with CNN Tuesday -- elaborated on reports published Monday in two Arabic newspapers on what he says interrogators are learning from Saddam since his capture earlier this month.</p>

DUBAI (Reuters) - Saddam Hussein has given his U.S. captors information on hidden weapons and as much as $40 billion (22.5 billion pounds) he may have seized while he was Iraq's president, an Iraqi official has been quoted as saying. "Saddam has confessed the names of people he told to keep the money and he gave names of those who have information on equipment and weapons warehouses," Iyad Allawi, a member of the U.S.-appointed Iraqi Governing Council, told the London-based Asharq al-Awsat daily. "The Governing Council is searching for $40 billion worth of funds seized by Saddam when he was...

DUBAI (Reuters) - Saddam Hussein has given his U.S. captors information on hidden weapons and as much as $40 billion (22.5 billion pounds) he may have seized while he was Iraq's president, an Iraqi official has been quoted as saying. "Saddam has confessed the names of people he told to keep the money and he gave names of those who have information on equipment and weapons warehouses," Iyad Allawi, a member of the U.S.-appointed Iraqi Governing Council, told the London-based Asharq al-Awsat daily. "The Governing Council is searching for $40 billion worth of funds seized by Saddam when he was...

U.S. authorities have identified more than a billion dollars in Iraqi assets in banks in Syria, Lebanon and Jordan and are pursuing hundreds of leads in the United States concerning possible illicit financial transactions with the former Iraqi government.Treasury, Internal Revenue Service and Immigration and Customs Enforcement (ICE) officials have spent nine months poring over financial records recovered from the vault of the Central Bank of Iraq, including records they say show how Saddam Hussein's government diverted at least $1.8 billion from the United Nations' humanitarian oil-for-food program and moved some of that money to foreign banks or used it...

Dec. 16 (Bloomberg) -- Dresdner Bank AG, a unit of Allianz AG, behaved illegally in blocking the London account of the Saudi central bank because the German lender was owed money by government ministries, lawyers for the Saudi bank told a U.K. court. Dresdner notified the central bank on Oct. 14, 2002, that it won't transfer 49.1 million euros ($61 million) from the London account because the Saudi ministries of Finance and Defense owed that much to Dresdner's Luxembourg branch, according to documents filed at the High Court by the Saudi Arabian Monetary Agency. ``Dresdner London's action in blocking the...

U.S. Authorities Probe Whether Saddam's $750,000 Part of Iraqi Central Bank Loot By Jeannine Aversa Associated Press Writer Published: Dec 15, 2003 WASHINGTON (AP) - U.S. authorities are investigating whether $750,000 found in Saddam Hussein's hideaway was part of the loot snatched from Iraqi's central bank at the onset of the war. The government hopes the deposed Iraqi president's capture might provide new insights into how terrorists raise and move money. Juan Zarate, the Treasury Department's deputy assistant secretary for terrorist financing and financial crimes, said Monday that a multiagency team is trying to determine whether the cash is genuine...

<p>December 5, 2003 -- WASHINGTON - Saddam Hussein has tens of billions of dollars stashed in foreign bank accounts and is likely using the war chest to fund attacks on U.S. troops in Iraq, a former aide said yesterday. Jewad Hashem, who was Iraq's planning minister in the 1960s and '70s, said in a new book being excerpted in the London-based Asharq Al-Awsat newspaper that the ousted Iraqi dictator skimmed 5 percent of Iraq's oil revenues for two decades and deposited the money abroad.</p>

The Associated Press CAIRO, Egypt Dec. 4 — Ousted Iraqi leader Saddam Hussein might still have stashed away in foreign banks tens of billions of dollars that he skimmed for years from oil revenues, a former Iraqi minister said, according to a London-based Arabic newspaper. Jewad Hashem, Iraq's planning minister in the late 1960s and early '70s who now lives in Canada, said that 5 percent of oil revenues was ordered deposited abroad in accounts under Saddam's supervision when Iraq nationalized its oil industry in 1972. Hashem's assertion is in his autobiography, which is being excerpted in the Asharq Al-Awsat...

WASHINGTON (Reuters) - Saddam Hussein (news - web sites) withdrew more than $1 billion from Iraq (news - web sites)'s central bank hours before U.S. forces invaded, and some of the money may be funding the Iraqi insurgency against U.S. troops, ABC News reported on Wednesday. Quoting a letter purportedly written by Saddam and obtained by ABC News, and citing U.S. officials, ABC News said $132 million of funds withdrawn by the Iraqi leader is unaccounted for and may be being used by his followers to fund attacks against U.S. forces. ABC News said the handwritten letter from Saddam, dated...

They haven't coughed it up yet, but Washington is pressuring Syria, Lebanon, Jordan, Turkey, and Switzerland to fork over to Iraq's new government millions in assets hidden in banks there by ex-prez Saddam Hussein. In Syria alone, Immigration and Customs Enforcement agents uncovered $260 million in hidden Iraqi assets.

Syrian banks are in discussions regarding the return of Iraqi assets back their rightful owners, said Syrian Vice President Abdul Halim Khaddam on Saturday, October 25, 2003. “There is some (Iraqi) money and some (Iraqi) demands” to recover it, said Khaddam according to AP. “This matter is still under discussion”. US investigators said they have evidence that $3 billion of former Iraqi President Saddam Hussein's government funds are deposited in Syrian-controlled banks in both Syria and Lebanon, according to American government officials. According to Syria’s economy minister Ghassan El-Rifai, the Iraqi funds are in personal accounts and that the total...

DAMASCUS, SyriaSyrian banks are holding Iraqi assets, and their return to Iraqi control is under discussion, Syrian Vice President Abdul Halim Khaddam said Saturday. Khaddam's remark broke ground as earlier this month Syrian Foreign Ministry spokeswoman Bushra Kanafani denied US reports that Syria had millions of dollars worth of Iraqi money. Kanafani dismissed as "baseless" press reports that Syrian and Lebanese banks were holding up to US$3 billion worth of assets from the regime of former Iraqi President Saddam Hussein. She spoke to reporters on Oct. 11. Ten days later, however, an official of the US Embassy in Damascus said...

DAMASCUS, Oct 22 (AFP) - Iraqi and US experts were in Damascus Wednesday in the hope of tracking down billions of dollars Saddam Hussein's regime is suspected of hiding in the country's banks, a well-informed source told AFP. A US embassy spokesman here also said that an "Iraqi assets technical team is present now in Damascus," but refused to confirm they were chasing looted wealth being sought to help reconstruction of the war-ravaged country. "Two (members) of the team are Americans and three are naturalised Iraqis," the well-informed source said. "They have been in cooperation with the Syrian government to...

ASHINGTON, Oct. 20 — American investigators have evidence that $3 billion that belonged to Saddam Hussein's government is being held in Syrian-controlled banks in Syria and Lebanon, Bush administration officials say.A delegation led by the Treasury Department has spent nearly two weeks in Damascus trying to win access to accounts established by the former Iraqi government or its confederates, the officials said last week. Syria has promised to cooperate, but has so far failed to do so, the officials said.A United Nations resolution passed after the American-led war against Iraq calls on all nations to seize and return to the...

Syria is holding hundreds of millions of dollars worth of frozen Iraqi assets. But the money is frozen and cannot be used to fund attacks on American forces, the economy minister said yesterday. Ghassan El-Rifai said he had examined all Iraqi holdings and claimed that money in personal accounts was "just enough for people to make a living". He denied reports that American investigators had found $3 billion (£1.8 billion) of Iraqi assets in Syrian-controlled banks. "We have frozen Iraqi assets in accordance with the UN resolution but the figure is nowhere near $3 billion and we have not touched...

<p>Your car could be running on gasoline made from Iraqi oil.</p> <p>ChevronTexaco and ConocoPhillips both imported Iraqi crude to California in August, according to a filing Tuesday by the Energy Information Administration, the statistical arm of the U.S. Department of Energy.</p>

Source: Saddam's money may be in Syria Official: Syria 'needs to do more to cooperate' From Elise LabottCNN Washington Bureau Monday, October 13, 2003 Posted: 10:26 PM EDT (0226 GMT) A U.S. Treasury Department official tells CNN that two criminal investigators from the Internal Revenue Service are in Damascus seeking access to specific accounts. WASHINGTON (CNN) -- The Bush administration believes as much as $3 billion from deposed Iraqi dictator Saddam Hussein's regime is in Syrian banks, and it wants more cooperation from Syria to help find and return the money to the Iraqi people, a Treasury Department official said...

Since the fall of Baghdad in April, American officials have scoured the globe in search of Saddam Hussein's legendary fortune. Now they think they have found a big chunk. According to a U.S. estimate, as much as $3 billion in Iraqi assets is sitting in Syrian government- controlled banks, a senior U.S. official tells Time, and Washington is anxious to determine that the money is not funding violence against Americans in Iraq, or being drawn down by regime officials and supporters. For months the U.S. has quietly insisted that Damascus give up the funds. Secretary of State Colin Powell met...

NEW YORK: US officials believe they have found a big chunk of Saddam Hussein "legendary fortune" and that as much as three billion dollars in Iraqi assets are lying in Syrian-controlled banks, a media report said. "Washington is anxious to determine that the money is not funding violence against Americans in Iraq, or being drawn down by regime officials and supporters", the Time Magazine says. Since the fall of Baghdad in April, the report says, American officials have scoured the globe in search of Saddam Hussein's legendary fortune. For months, the report says, the US has quietly insisted that Damascus...

NEWS RELEASEHEADQUARTERS UNITED STATES CENTRAL COMMAND7115 South Boundary BoulevardMacDill AFB, Fla. 33621-5101Phone: (813) 827-5894; FAX: (813) 827-2211; DSN 651-5894 October 10, 2003Release Number: 03-10-01 NINEVAH PROVINCE SCHOOLS BENEFIT FROM SEIZED IRAQI ASSETS MOSUL, Iraq – Coalition soldiers and non-governmental organizations partnered to rebuild more than 800 schools in the Ninevah Province, current home of the 101st Airborne Division (Air Assault). The division’s Commander’s Emergency Relief Program, which draws from Iraqi government funds seized after the first Gulf War, has to date spent $2,040,513 on 330 completed school projects including the recently opened Ninevah Province Education Headquarters in Mosul. The...