Nbadan
01-31-2005, 02:33 AM
Audit: $9 Billion Unaccounted for in Iraq
January 30, 2005 11:51 PM EST
WASHINGTON - 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.
The findings were released Sunday by Stuart Bowen Jr., special inspector general for Iraq reconstruction. Bowen issued several reports on the Coalition Provisional Authority (CPA), the U.S. occupation government that ruled Iraq from June 2003 to June 2004.
The official who led the CPA, L. Paul Bremer III, submitted a blistering, written reply to the findings, saying the report had "many misconceptions and inaccuracies," and lacked professional judgment.
more...
ENews (http://enews.earthlink.net/article/gen?guid=20050130/41fc69d0_3ca6_1552620050130-549743810)
I guess now we know how Bremer earned that Presidential Medal. Bet most of that stolen taxpayer money is in the RNC couffers right about now.
January 30, 2005 11:51 PM EST
WASHINGTON - 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.
The findings were released Sunday by Stuart Bowen Jr., special inspector general for Iraq reconstruction. Bowen issued several reports on the Coalition Provisional Authority (CPA), the U.S. occupation government that ruled Iraq from June 2003 to June 2004.
The official who led the CPA, L. Paul Bremer III, submitted a blistering, written reply to the findings, saying the report had "many misconceptions and inaccuracies," and lacked professional judgment.
more...
ENews (http://enews.earthlink.net/article/gen?guid=20050130/41fc69d0_3ca6_1552620050130-549743810)
I guess now we know how Bremer earned that Presidential Medal. Bet most of that stolen taxpayer money is in the RNC couffers right about now.