$100 Million Missing in Iraq War Expenditures
Why is Congress about to authorize umpteen millions more for Iraq when the Bush administration can't account for $100 million? Is $100 million now considered pocket change?
$96 million is said to be lost from fraud, and another $7 million simply unaccounted for.
U.S. civilian authorities in Iraq cannot properly account for nearly $100 million that was supposed to have been spent on reconstruction projects in south-central Iraq, government investigators said Wednesday.
There are indications of fraud in the use of the $96.6 million, according to a report by the Special Inspector General for Iraq Reconstruction. A separate investigation of possible wrongdoing continues. More than $7 million of the total is unaccounted for, the report said. An additional $89.4 million in payments do not have the required supporting documents.
Can you spell corruption?
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