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Foreign and Commonwealth Office

Answer

Hugh Robertson: To ask the Secretary of State for Foreign and Commonwealth Affairs what investigations have taken place into allegations of misappropriation of oil during the period of the Coalition Provisional Authority in Iraq. [214146] Mr. MacShane :[holding answer 4 February 2005]: United Nations Security Council Resolution (UNSCR 1483) of 22 May 2003 established the International Advisory and Monitoring Board (IAMB) to ensure the Development Fund for Iraq (DFI) was used in a transparent manner for the purposes set out in UNSCR 1483. The IAMB consists of members of the Arab Fund for Economic and Social Development, the IMF, the United Nations and World Bank and, from 5 March 2004, representatives of the Iraqi administration. The IAMB approved the appointment of independent accountants, KPMG, to audit the DFI and Iraq's oil export sales. KPMG produced two audit reports covering Coalition Provisional Authority management of the DFI from 22 May 2003 to 28 June 2004. Both audit reports conclude that, with the exception of smuggling, "the DFI Statement of Cash Receipts and Payment presents fairly, in all material respects, the receipts and payments of the DFI". The IAMB report recognises that "all known oil proceeds . . . have been properly and transparently accounted for in the DFI". IAMB audit reports are available on the IAMB website at www.iamb.info.

Secondary information

Type

Written question

Reference

430 c1317-8W; 214146

Session

2004-05

Subjects

Audit Fraud Exports Iraq Oil KPMG Development Fund for Iraq International Advisory and Monitoring Board

Link

View this Written question on www.publications.parliament.uk