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Thursday, 10/04/2007 3:35:09 PM

Thursday, October 04, 2007 3:35:09 PM

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Alleged Al-Qaida Financier Arrested In Iraq - FTLast update: 10/4/2007 3:33:57 PMDOW JONES NEWSWIRES The U.S. military claimed on Thursday that U.S. and Iraqi forces had arrested an alleged financier for al-Qaida who had received $100 million from donors outside Iraq to fund insurgent operations, the Financial Times reported on its Web site Thursday. The $100 million sum - far greater than amounts usually associated with Sunni insurgents - had been received over the summer from "terrorist supporters who cross the Iraq border illegally or fly into Iraq from Italy, Syria and Egypt", according to a U.S. statement, the FT reported. It didn't indicate how the total was arrived at or whether the money had been recovered in Tuesday's raid near Baghdad which saw the unnamed man arrested, the FT said. The statement said that the man had distributed $50,000 a month - a figure more in line with past reports of al-Qaida's financial activities - and employed 40-50 "extremists" to plant improvised explosive devices, or roadside bombs, and paid them $3,000 for each operation, the FT reported. It also said that he was linked to the purchase of explosives used in the attack on the Golden Shrine at Samarra - a holy Shia site - which escalated the country's sectarian violence in February 2006, the FT reported. Newspaper Web site: http://www.ft.com (END) Dow Jones NewswiresOctober





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