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| U.S. Army / Spc. Christopher Wellner |
An Army private provides security at the construction site of a new prison in Basra, Iraq.
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The
special inspector general for Iraq reconstruction says the Pentagon
cannot account for $8.7 billion of Iraq’s money. The Department of
Defense was supposed to spend the funds, which came from the sale of
oil and other assets, on reconstruction, and it may have—it just
doesn’t know for sure.
BBC:The money was in a special fund administered by the US Department of Defense, the Development Fund for Iraq (DFI), and was earmarked for reconstruction projects.But the report says that a lack of proper accounting and poor oversight makes it impossible to say exactly what happened to most of it.According to the report, the Pentagon is unable to fully account for $8.7bn of funds it withdrew between 2004 and 2007, and of that amount it “could not provide documentation to substantiate how it spent $2.6bn”.
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