| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
19 Jan 2005 09:34:20 PM |
| Object: |
Iraq: More Loose Change. Who's got the missing $600 million? |
http://www.salon.com/news/feature/2005/01/18/scandal/
Iraq: More Loose Change
The scandal:
The inspector general of the Coalition Provisional Authority in Iraq
released a series of reports in July 2004 finding that a significant
portion of CPA assets had gone missing -- 34 percent of the materiel
controlled by Kellogg, Brown & Root -- and that the CPA's method of
disbursing $600 million in Iraq reconstruction funds "did not
establish effective controls and left accountability open to fraud,
waste and abuse." http://www.cpa-ig.com/audit_reports.html
The problem:
As much as $50 million of that money was disbursed without proper
receipts.
The outcome:
The CPA has disbanded, but individual government investigations into
the handling of Iraq's reconstruction continue.
____________________________________________________________
Harry
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