Bankruptcy

3 Billion in Cash Flown out of Afghanistan

By mcbride

The WSJ reports that over 3 billion in cash, wrapped and bundled on pallets and in suitcases has been ?legally? flown out of Afghanistan.  ?Officials believe some of the cash, if not most, is siphoned from Western aid projects and US, European and NATO contracts to provide security, supplies and reconstruction work for coalition forces in Afghanistan….The sums leaving through Kabul International Airport are so large that US investigators believe top Afghan officials and their associates are sending billions of diverted US aid and logistics dollars and drug money to financial safe havens abroad.  The cash - packed into suitcases, piled onto pallets and loaded into airplanes - is declared and legal to move.?   I can think of many cash strapped countries which could use this money to pay down their debt! 

Here is a link: http://www.theaustralian.com.au/business/news/billions-of-dollars-leaving-afghanistan-suspected-to-come-from-drugs-and-corruption/story-e6frg90x-1225885283332

Michael

Full post as published by Texas Lawyer Blog on June 30, 2010 (boomark / email).