U.S. can’t untangle billions in Bush-era Afghan spending
WASHINGTON — The U.S. government knows it’s awarded nearly $18 billion in contracts for rebuilding Afghanistan over the last three years, but it can’t account for spending before 2007.
Pentagon can’t account for how it spent $2.6 billion in Iraqi funds, audit finds (US)
Because of poor record-keeping and lax oversight, the Department of Defense cannot account for how it spent $2.6 billion that belonged to the Iraqi government, according to the inspector general for Iraq reconstruction.
The US Special Investigator for Iraq Reconstruction Audit report found that shoddy record keeping by the Defence Department left the Pentagon unable to fully account for over 95 per cent of a total of $9.1 billion it withdrew between 2004 and 2007 from a special fund set up by the UN Security Council. 2.6 billion of that
“The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss,” the report said.
The full report can be found on the website of the Office of the Special Investigator for Iraq Reconstruction Website.