US handled Iraq DFI funds carelessly.

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posted on May, 4 2005 @ 01:44 PM
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From correspondents in Washington
May 05, 2005

The United States has carelessly, and possibly fraudulently, handled some Iraqi money used for reconstruction, say US audits released today.

There is nearly $US100 million ($129.33 million) in cash unaccounted for in one area of Iraq alone.
Two audits by the US Special Inspector-General for Iraq Reconstruction found flaws in how US government and military officials ran contracts paid for by the Development Fund for Iraq (DFI) - Iraqi money entrusted to the United States after the 2003 invasion.

Incompetence included contractors sometimes paid twice, files misplaced, cash payments unaccounted for and scant evidence that goods and services were provided.

"There was no assurance that fraud, waste and abuse did not occur in the management and administration of contracts funded by DFI," said the auditors.

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BushCo at work.




posted on May, 4 2005 @ 01:59 PM
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If the OFF scandal is proof that the UN needs "reform", what does this news say about the US .gov and it's current leadership?

The ongoing madness in Iraq may be a nightmare, both for the Iraqis and the coalition forces, but it's been a feeding frenzy for contractors. Their employees have been getting murdered, kidnapped, and maimed, but that matters little to them as long as the fat checks keep coming, signed by the US taxpayer.

It's also amazing to see how many of these companies have close ties to the current administration.
Though I am certain that that fact is entirely coincidental





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