November 14, 2006

Report: Iran Has Secret Nuclear Fund

Iran has a secret $418 million slush fund for expansion of its nuclear operations, the German magazine Der Spiegel reports. The information came from telephone calls made by a top Iranian official on a line tapped by a Western intelligence service. The money is to be used to safeguard Iran's nuclear sites from attack by moving nuclear operations into tunnels, to build additional centrifuges, and to construct a new nuclear plant at a secret location. Farhad Rahbar, vice-president and head of the planning and budget organization and a director of the Control Center for Nuclear Issues, reportedly wrote a clause authorizing the secret fund into the budget, allowing him to increase military spending by 30%.