Quote:
Originally Posted by spence
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Quite different.
-spence
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it appears as though the Obama years haven't been much better
US unable to account for Iraq funds
February 8, 2011
The US Defense Department cannot account for how it spent funds that belonged to the reconstruction of war-torn Iraq due to poor record keeping, a report says.
The Pentagon, entrusted with spending $9.1 billion on reconstruction projects in 2011, has failed to elucidate the whereabouts of this year’s money, a Press TV correspondent reported on Monday.
The US military agency has also refused to send any representatives to Iraq’s Supreme Audit Court to explain such an inappropriate use and undetected loss.
“The Pentagon must take immediate steps to address this issue. These funds are specifically to be used for the reconstruction of the country. And if such a huge amount is not accounted for, then it implies that some of it has been misused, whether for personal or military purposes,” Nariman Abdulla, a Kurdish lawmaker, said in Arbil.
The incident is the latest to fault American officials for mismanagement of Iraqi funds in the years following the US-led invasion of the country in March 2003.
Last year, the US military mismanaged $8.7 billion in funds for Iraq, reports say.
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