$8.8 Billion Iraqi oil revenues 'missing'
The BBC's File On 4 programme has learnt that out of over $20bn raised in oil revenues during US-led rule, the use of $8.8bn is unaccounted for.
"There was insufficient internal control to assure that money was spent for the benefit of the Iraqis, as the UN Security Council resolution mandated," said the auditors' chief of staff, Ms Ginger Cruz. Link to File on 4
Also see Murdered contractor had alleged corruption in Iraq
and $300 million slides out of Iraq amid new corruption claims
In response to the report, the former head of the coalition, Ambassador Paul Bremer, said "The auditors had failed to understand the context in which the Authority was operating."
What, are those auditors stupid or something?
"There was insufficient internal control to assure that money was spent for the benefit of the Iraqis, as the UN Security Council resolution mandated," said the auditors' chief of staff, Ms Ginger Cruz. Link to File on 4
Also see Murdered contractor had alleged corruption in Iraq
and $300 million slides out of Iraq amid new corruption claims
In response to the report, the former head of the coalition, Ambassador Paul Bremer, said "The auditors had failed to understand the context in which the Authority was operating."
What, are those auditors stupid or something?
posted by exoplanet at 7:08 PM
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