| Friday, May 06, 2005 |
| US$96.6 MILLION IN REBUILDING CASH FOR IRAQ CAN'T BE FOUND |
WASHINGTON -- Nearly $100 million in Iraqi reconstruction cash which was supposed to be handed out by U.S. workers in shrink wrapped bricks of new hundred dollar bills, can't be accounted for, federal auditors reported Wednesday.
A criminal investigation into possible fraud in a handful of cases is under way to determine what happened to some of the $96.6 million that was earmarked to rebuild south central Iraq, according to a new report by the special inspector general for Iraq reconstruction.
The money came from Iraqi oil sales and other local revenues, not from U.S. taxpayers and it was supposed to be distributed by the main financial office of the U.S. rebuilding office, which was first part of the now defunct Coalition Provisional Authorithy and now run by Joint Area Support Group Central, hired a cadre of U.S. workers who pay cash to Iraqis and contractors to repair Iraq.
But U.S. officials did'nt watch where the cash went, the inspector general found.
An examination of financial records between June 2003 and October 2004 showed poor bookkeeping and investigators "found indicators of potential fraud", the report said.
(From CHICTRIB/by: Knight Ridder) |
| posted by infraternam meam @ 3:24 AM |
|
|
|
|
| About Me |
|
Name: infraternam meam
Home: Chicago, United States
About Me: I am now at the prime of my life
and have been married for the past 25 years.
Sickly at times, but wants to see the elixir vita,
so that I will be able to see my grandchildren from my two boys.
See my complete profile
|
| Previous Post |
|
| Archives |
|
| Links |
|
|
| Powered by |
|
|
