Thursday, October 28, 2010

U.S. Department of Defense: 9 Billion unaccounted for

Anyone troubles by this at all?

Amplify’d from

The U.S. Department of Defense got more than $9 billion from the sale of Iraqi oil and other revenue streams to be used for reconstruction inside the war-damaged nation and spent it but now cannot document where $8.7 billion of those funds went, according to an inspector general's report published online.

The report, dated July 27, but still unreported in media outlets, documented, "Weakness in DoD's financial management controls left it unable to properly account for $8.7 billion of the $9.1 billion in DFI (Development Fund for Iraq) funds it received for reconstruction activities in Iraq.


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