$100 Million Iraqi Dollars go Missing!

by user | May 5, 2005 12:59 pm

The US Government either pays like the Mob or is dipping into the Iraqi Till..
In a audit released wednesday, it was reported that nearly $100 million of Iraqi money, not US taxpayer funds has gone unaccounted for with little or no documentation from the funds designated for the Reconstruction of Iraq.

The report, describes how hundeds of millions of dollars were distributed for Iraq reconstruction projects with very little accountability.Two US payment officers with cash account balances of $777,050 and $715,000 left Iraq without clearing their balances with the account manager. An attempt was made to remove the outstanding balances by “simply washing accounts,” the report said.

Source URL: http://www.newsinsider.org/101/100-million-iraqi-dollars-go-missing/