The US Defence Department is unable to properly account for $8.7 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit. This came in an audit report released by the US Special Investigator for Iraq Reconstruction on Tuesday. The report offers a compelling look at continued laxness in how such funds are being spent. The audit found that shoddy record keeping by the Defence Department left the Pentagon unable to fully account for 95 per cent of a total of $9.1 billion it withdrew between 2004 and 2007 from a special fund set up by the UN Security Council.
The US Defence Department is unable to properly account for $8.7 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit.
This came in an audit report released by the US Special Investigator for Iraq Reconstruction on Tuesday.
The report offers a compelling look at continued laxness in how such funds are being spent.
The audit found that shoddy record keeping by the Defence Department left the Pentagon unable to fully account for 95 per cent of a total of $9.1 billion it withdrew between 2004 and 2007 from a special fund set up by the UN Security Council.
Iraq reconstruction funds 'missing'
I love this shit. "missing" ... like it's in a gymbag in some bus terminal waiting to be found. Yachts are expensive, the really good ones anyway. In the end, might makes right. Nothing has changed since the caveman.
