Saddam admits to theft of funds

Newsday:

"Saddam Hussein has acknowledged depositing billions of dollars abroad before his ouster and has given interrogators the names of people who know where the money is, a member of the Iraqi Governing Council said in remarks published Monday.

"The U.S.-appointed council estimates that the Iraqi dictator seized $40 billion while in power and is now searching for that amount deposited in Switzerland, Japan, Germany and other countries, Iyad Allawi told the London-based Arab newspapers Al-Hayat and Asharq al-Awsat.

...

"Allawi said Saddam, who has been questioned by American interrogators since his capture this month, gave names of people who know where the money is deposited and also know the location of arms and ammunition depots used by insurgents in attacks against the coalition forces and the Governing Council.

...

"In Baghdad, Ahmed al-Bayak, anouther member of the U.S.-appointed Iraqi Governing Council, said he was informed by council members that Saddam had started to talk about names of people inside Iraq who were carrying out attacks against U.S. forces."

This latter information, if true may break the back of the insurgents. Not only will members of the group be captured or killed, but others may flee to avoid that end.

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