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Pentagon can't account for how it spent $2.6 billion in Iraqi funds, audit finds
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| Contributor | RP |
| Last Edited | RP Jul 27, 2010 11:05am |
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| Category | Report |
| Author | Ernesto Londoño |
| Media | Newspaper - Washington Post |
| News Date | Tuesday, July 27, 2010 05:00:00 PM UTC0:0 |
| Description | Because of poor record-keeping and lax oversight, the Department of Defense cannot account for how it spent $2.6 billion that belonged to the Iraqi government, according to the inspector general for Iraq reconstruction.
An audit of a $9.1 billion fund of Iraqi oil proceeds showed that most American military agencies entrusted with spending the money on reconstruction projects failed to adhere to U.S. rules on how such money must be tracked and spent, the inspector general found.
The alleged mismanagement of the fund has angered Iraqi officials, who have raised the possibility of taking legal action against the United States, Bowen said.
The United States also has spent more than $50 billion in taxpayer money for reconstruction projects in Iraq. |
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