It is well documented that Daesh at the height of its power was most likely the richest insurgent group in history. The sacking of Mosul, resulting in the theft of the Mosul banks reserve currency allegedly resulted in an amount of approximately $450 million. On top of this more illegal activity was conducted by the group; oil trading, theft of antiquities, protection rackets, kidnap for ransom and people trafficking were all revenue streams for the group. See below the documents of receipts that were issued for the illegal sale of oil, stolen from Iraq’s oil fields.
So we know the group had wealth, by some estimates around $2 billion at its peak. But where did this wealth go, where is it now? Clearly when the majority of your employees and members are themselves criminals it is unsurprising that funds seem to go missing and appear elsewhere. No wonder there are still rumors that Abu bakr al-Baghdadi is alive and well, living in the Maldives and sitting on the beach sipping his Martini.
A clear concrete example was Abu Ubeyde al Masri, he collected funding for Daesh and using the cover of “Aid” took this money from the group. He was in charge of the “Zakat” (charity) collections, (though just used as cover for taxes under Daesh’s criminal rule). He is believed to have stolen approximately $1 millon dollars. How many more Abu Ubeyde’s have there been? Terror Leaks will continue to examine this matter and expose the criminals for their crimes and ineptitude’s.
Original source: https://www.aymennjawad.org/2015/01/archive-of-islamic-state-administrative-documents