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Report: Iraqi Insurgents Raise Millions of Dollars Through Illegal Activities
Sunday, November 26, 2006
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AP
Blindfolded detainees are guarded by Iraqi soldiers at their base in Baqouba, 35 miles northeast of Baghdad, Iraq.
Blindfolded detainees are guarded by Iraqi soldiers at their base in Baqouba, 35 miles northeast of Baghdad, Iraq.
NEW YORK — The New York Times reported Sunday that Iraqi militant groups have raised between $70 million and $200 million a year from various illegal activities to fund the insurgency.
The newspaper, which cites a classified U.S. government report obtained by the Times, said the money has come from oil smuggling, kidnapping, counterfeiting and other activities.
For more news, go to FOXNew's.com's Iraq Center.
The report said terrorist and insurgent groups in Iraq may also have extra money to finance terrorist organizations outside of Iraq.
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