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US unable to account for Iraq funds

February 8, 2011 Comments off
The US Defense Department cannot account for how it spent funds that belonged to the reconstruction of war-torn Iraq due to poor record keeping, a report says.

The Pentagon, entrusted with spending $9.1 billion on reconstruction projects in 2011, has failed to elucidate the whereabouts of this year’s money, a Press TV correspondent reported on Monday.

The US military agency has also refused to send any representatives to Iraq’s Supreme Audit Court to explain such an inappropriate use and undetected loss.

“The Pentagon must take immediate steps to address this issue. These funds are specifically to be used for the reconstruction of the country. And if such a huge amount is not accounted for, then it implies that some of it has been Read more…