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Iraq militants loot bank, are now insanely wealthy

Iraq militants loot bank, are now insanely wealthy
Posted June 12th, 2014 @ 12:07pm by Kevin Spak, Newser Staff

(NEWSER) – What's worse than a ruthless multinational terrorist organization? A rich ruthless multinational terrorist organization. And that's what Iraq has on its hands now, because the Islamic State of Iraq and Syria has plundered 500 billion Iraqi dinars—or about $429 million—from Mosul's central bank, which the International Business Times believes makes them the world's richest terror group. That's hard to actually verify—and it depends on your definition of "terrorist" the Washington Post points out—but the money will, as one analyst puts it, "buy a whole lot of Jihad."

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