Oh just great.


—S.





http://www.ibtimes.co.uk/mosul-seized-jihadis-loot-429m-citys-central-bank-make-isis-worlds-richest-terror-force-1452190
Mosul Seized: Jihadis Loot $429m from City's Central Bank to Make Isis
World's Richest Terror Force

[image: Iraq Isis]

Civilian children stand next to a burnt vehicle during clashes between
Iraqi security forces and al Qaeda-linked Islamic State in Iraq and the
Levant (Isis) in the northern Iraq city of Mosul.Reuters

The Islamic State of Iraq and al-Shams (Isis) has become the richest terror
group ever after looting 500 billion Iraqi dinars - the equivalent of $429m
(£256m) - from Mosul's central bank, according to the regional governor.

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.

*Richest Terror Factions in the World (as of 2011)*

1) Taliban - $70m - $400m

2) Hezbollah $200m - $500m ($120m from Iran)

3) Farc - $80m - $350m

4) Hamas - $70m

5) Al-Shabaab - $70m - 100m

*Source:* Money Jihad

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.

The Islamist militants took control of Mosul after hundreds of its fighters
overwhelmed government  military forces in a lightening attack on Monday,
forcing up to 500,000 people to flee the city and Iraqi prime minister
Nouri al-Maliki to call a national state of emergency.

The militants freed up to 1,000 inmates from Mosul's central prison,
according to senior police officials. They are also in control of Mosul
airport and local television stations.

The prize: Kurdish television is reporting that ISIS looted 500 billion
#Iraq <https://twitter.com/search?q=%23Iraq&src=hash> dinars from Mosul
banks. That's about $425 million

— Borzou Daragahi (@borzou) June 10, 2014
<https://twitter.com/borzou/statuses/476433950123229184>

They also seized considerable amounts of US-supplied military hardware.
Photos have already emerged of Isis parading captured Humvees in
neighbouring Syria where they are also waging war against President Bashar
al-Assad's regime.

[image: Isis Syria Iraq]

US-supplied humvees captured by Islamic insurgents in the battle for
MosulTwitter / @jenanmoussa

In a televised news conference, Maliki said "Iraq is undergoing a difficult
stage" and urged the public and government to unite "to confront this
vicious attack, which will spare no Iraqi."

For example, with $425 mill ISIS could pay 60,000 fighters around $600 a
month for a year.

— Brown Moses (@Brown_Moses) June 11, 2014
<https://twitter.com/Brown_Moses/statuses/476644202991063040>

The US State Department has released a statement saying that it is "deeply
concerned" by the Islamist militants' siege of Mosul.

"The situation remains extremely serious. Senior U.S. officials in both
Washington and Baghdad are tracking events closely in coordination with the
Government of Iraq," the statement read.

"The United States stands with the Iraqi people," it continued.

[image: Mosul]

Mosul lies in northern Iraq near the Syrian border.Google Maps

Isis captured the city Falluja, 40 miles west of Baghdad, in January and
currently controls large swathes of northern Iraq.

The Iraqi government has launched a number of failed assaults on the city
leaving hopes of retaking Mosul slim.

An Iraqi army officer told the Independent: "We can't beat them."

"They're trained in street fighting and we're not. We need a whole army to
drive them out of Mosul. They're like ghosts; they appear to hit and
disappear within seconds."




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