Thursday, May 05, 2005

U.S. Can't Account for $100M Spent in Iraq

U.S. government mismanagement of assets in Iraq, from the lack of proper documentation on nearly $100 million in cash to millions of dollars worth of unaccounted-for equipment, are setting back efforts to fight corruption in the fledgling democracy, auditors and critics say.

The latest indication of that came Wednesday when investigators released a report saying $96.6 million in cash could not be properly accounted for. The total included more than $7 million that was simply gone, according to the report from the Special Inspector General for Iraq Reconstruction.

WagNews Comment: "$100M?!! Is that all?"


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