Audit: $9 Billion Unaccounted for in Iraq

Posted by Larry on June 12th, 2005 filed in Media

This story refuses to die, I guess that sooner or later GW will have to explain where it went. It’s your money. I can’t imagine where they would have sent the money, especially if the damn offices weren’t even operational. Probably addressed something like
Iraq Minisistry
c/o Abdul Al-GWBush
Crawford, TX

The U.S. occupation authority in Iraq was unable to keep track of nearly $9 billion it transferred to government ministries, which lacked financial controls, security, communications and adequate staff, an inspector general has found.

The U.S. officials relied on Iraqi audit agencies to account for the funds but those offices were not even functioning when the funds were transferred between October 2003 and June 2004, according to an audit by a special U.S. inspector general.

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