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WASHINGTON (AP) 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 fledgeling democracy, auditors and critics say.
Iraq became awash in billions of dollars in cash after the U.S. invasion two years ago, often with few or no controls over how that money was spent and accounted for. From the $8.8 billion provided to Iraq's interim government to millions provided to U.S. contractors, investigations have detailed a system ripe for abuse.
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.
It said $89.4 million in cash payments in south-central Iraq were made without the necessary supporting documentation, the investigation found. Indications of fraud and other wrongdoing are the subject of separate, continuing probes.
Originally posted by DCFusion
Well, it seems that the U.S. was just dumping cash into Iraq without some sort of system to force the Iraqi Government to report how the money was being used. Without something like this, corruption is bound to occur - considering how poor most of the people in the country were prior to the U.S. invasion, I'm not surprised that people have been partaking in the 'undocumented' money being given to the Iraqi Government.