Pentagon Unable to Account for Missing Iraqi Millions

Published:Monday, 30 Jan 2012 | 3:43 AM ET
Eamon Javers
CNBC Washington, DC Correspondent

The Pentagon doesn’t know what happened to more than $100 million in cash held at Saddam Hussein’s palace in Baghdad during the Iraq war, according to a new report by the Special Inspector General for Iraq Reconstruction.

What’s more, the Pentagon can’t find documents to explain what it spent as much as $1.7 billion on from funds held on behalf of the Iraqi government by the New York Federal Reserve, the report says.