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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Pentagon Can't Account For $8.7 Billion In Iraqi Funds (599 Views)
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Pentagon Can't Account For $8.7 Billion In Iraqi Funds by Beaf: 2:50am On Jul 29, 2010 |
[size=14pt]Pentagon can't account for $8.7 billion in Iraqi funds[/size] The reconstruction money was from oil revenue it was entrusted with between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping. July 26, 2010|By Liz Sly, Los Angeles Times Reporting from Baghdad — The Defense Department is unable to properly account for $8.7 billion out of $9.1 billion in Iraqi oil revenue entrusted to it between 2004 and 2007, according to a newly released audit that underscores a pattern of poor record-keeping during the war. Of that amount, the military failed to provide any records at all for $2.6 billion in purported reconstruction expenditure, says the report by the Special Inspector General for Iraq Reconstruction, which is responsible for monitoring U.S. spending in Iraq. The rest of the money was not properly deposited in special accounts as required under Treasury Department rules, making it difficult to trace how it was spent. http://articles.latimes.com/2010/jul/26/world/la-fg-iraq-funds-20100727 |
Re: Pentagon Can't Account For $8.7 Billion In Iraqi Funds by vedaxcool(m): 1:46pm On Jul 29, 2010 |
Some people are just out to make money while the war last----Keeping to the objectives of the Iraq war. |
Re: Pentagon Can't Account For $8.7 Billion In Iraqi Funds by Beaf: 9:25pm On Jul 29, 2010 |
$8.7 billion missing! Thats what I call an eye popper! |
Re: Pentagon Can't Account For $8.7 Billion In Iraqi Funds by coldhearts(f): 9:39pm On Aug 20, 2010 |
https://www.youtube.com/watch?v=jNqGyl5SFK4 - a must watch pentagon rocks! where there's excessive greed, money dissappears in billions . where's my share? - that is the question |
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