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Friday, January 27, 2006

U.S. Audit Finds 'Spectacular' Misuse of Funds in Iraq

Millions lost in 'chaotic misuse,' while report says many reconstruction projects won't be finished.

"Spectacular misuse of tens of millions of dollars."


That is what The Australian says an audit by the the US Special Inspector-General for Iraq Reconstruction of the former Coalition Provisional Authority office in Hilla, Iraq, has uncovered. The newspaper says the report details bundles of money stashed in filing cabinets, a US soldier who gambled away thousands of dollars, and stacks of newly minted notes distributed without receipts.

Read article here

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