US civilian contractors have been unable to account for nearly $100 million (£53 million) that was earmarked for the rebuilding of Iraq. Audits have
found possible signs of fraud regaurding the money which was believed to be from oil revenue and assets taken from Saddam Hussein.
The audits found "no assurance that fraud, waste and abuse did not occur".
According to the Sigir, of nearly $120m in cash paid out in south-central Iraq more than $7m is unaccounted for and payments worth $89m do not have
the proper paperwork.
"The US risks fostering a culture of corruption in Iraq"
Senator Russ Feingold
Please visit the link provided for the complete story.
As if its not bad enough the insurgents trying their hardest to put a stop to the rebuilding of Iraq, now the funds that are being sent in to do the
rebuilding are being eaten away with no signs of were the money is going.
At this rate Iraq will still be a terrible place to be in many years to come.
You can be certain the the Bush administration and the Commander In Chief responsible for the war effort have attempted to absolve themselves of
responsibility for the misdeeds and the squandering of US taxpayer funds, in their plundering program.
It all starts with the Presidential Executive Order here:
The Above Top Secret Web site is a wholly owned social content community of AboveTopSecret.com.
This content community relies on user-generated content from our member contributors. The opinions of our members are not those of site ownership who maintains strict editorial agnosticism and simply provides a collaborative venue for free expression.