(NSI News Source Info) WASHINGTO, U.S. - July 28, 2010: The U.S. Department of Defense has been unable to account properly for US$8.7-billion of Iraqi oil and gas money, funds earmarked for humanitarian needs andreconstruction after the 2003 invasion, according to an audit released yesterday.The figure is nearly 96% of the US$9.1-billion the Pentagon received from the Development Fund for Iraq (DFI), said the report from the U.S. Special Inspector General for Iraq Reconstruction (SIGIR).
It described lax management of some of the billions of dollars designated for rebuilding war-shattered Iraq, where residents routinely complain about lack of electricity and other basic services more than seven years after the invasion.
The DFI was established by the Coalition Provisional Authority (CPA), the U.S.-run body that took charge of Iraq after the invasion.
http://defense-technologynews.blogspot.com/2010/07/dtn-news-87-billion-missing-in-iraq.html
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