04 May 2005

Audits find flaws in U.S. handling of Iraq deals

I wonder....is it possible that some of this money made its way back to the US and is financing the GOP steamroller?--Dictynna

Wed May 4, 5:18 PM ET

The United States has carelessly, and possibly fraudulently, handled some Iraqi money meant for rebuilding and poorly managed billions of dollars of U.S.-funded contracts, said U.S. audits released on Wednesday.

In one area of Iraq alone, nearly $100 million in cash used for rebuilding was unaccounted for. Incompetence by U.S. procurement staff ranged from contractors being paid twice to files being misplaced.

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