Nineveh governor Atheel al-Nujaifi confirmed Kurdish televison reports that Isis militants had stolen millions from numerous banks across Mosul. A large quantity of gold bullion is also believed to have been stolen.
Following the siege of the country's second city, the bounty collected by the group has left it richer than al-Qaeda itself and as wealthy as small nations such as Tonga, Kiribati, the Marshall Islands and the Falkland Islands.
The financial assets that Isis now possess are likely to worsen the Iraqi governement's struggle to defeat the insurgency, which is aimed at creating an Islamic state across the Syrian-Iraqi border. (Continue Reading.)
Thursday, June 12, 2014
Jihadists in Iraq Seize Nearly Half a Billion Dollars from Banks
Remember when Obama took office and traveled to Cairo to show us that, if we simply praise Islam, jihadists will lay down their weapons and embrace us, in accordance with the clear teachings of Islam? Here we are, just a few years later. How's that hope and change working out for the world?