Um, American Press Want to Touch This?

First the Independent and now the Guardian:

Iraqi authorities are preparing an arrest warrant for the country's former defence minister in connection with a massive fraud case involving the "disappearance" of more than $1bn from ministry coffers.
Judge Raid al-Radhi, who is head of Iraq's commission on public integrity, said yesterday that he had given Iraq's central criminal court a dossier of evidence against Hazim Shaalan, who was minister of defence under the former government of Ayed Allawi.

"What Shaalan and his ministry were responsible for is possibly the largest robbery in the world. Our estimates begin at $1.3bn [£720m] and go up to $2.3bn," Judge Radhi, who is Iraq's senior anti-corruption official, told Reuters.

The "robbery" is believed to include the signing of multimillion-dollar deals with companies to supply equipment that was sometimes inappropriate for the new army or was years out of date. It is also alleged that the ministry paid huge premiums for some military hardware.