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So, Mr Bremer, where did all the money go?

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posted on Jul, 7 2005 @ 04:34 AM
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www.guardian.co.uk...

From the artilce: "At the end of the Iraq war, vast sums of money were made available to the US-led provisional authorities, headed by Paul Bremer, to spend on rebuilding the country. By the time Bremer left the post eight months later, $8.8bn of that money had disappeared. Ed Harriman on the extraordinary scandal of Iraq's missing billions "


So, new or just confirmation of what we've suspected scince the declaration of independance in 1776?

They're after power and money!




posted on Jul, 7 2005 @ 08:05 AM
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I read several stories during the Iraq 'rebuilding' period regarding shady contracting, rigged bidding procedures, no bidding procedures, etc. To me, it seemed like a pack of wild dogs after raw meat. There appeared to be no control environment or detail level internal controls whatsoever.

As an auditor who has reviewed and tested these types of procurement controls for several years, this whole time period over there was just appalling for the fraudulent activities that transpired.

[edit on 7-7-2005 by Grunt_of_the_Covenant]



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