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Iraq
Iraqis locate some of Saddam's loot
2006-08-26
Iraqi anti- corruption officials disclosed Friday that holdings of the Saddam regime had been located and confiscated in Paris, London, Tunis and Baghdad itself.

Al-Irakiya television cited anti-corruption agency spokesman Ali al-Shabut as saying the authorities were investigating corruption allegations dating back to 1968, the year Saddam came to power.

The report said Saddam and his functionaries had deposited state funds in accounts using invented names. But it did not specify whether the holdings now confiscated consisted of money, securities, real estate or other types of assets.
Posted by:Steve White

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