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MDFINFAN
08-20-2004, 04:57 PM
Almost 9 Billion Missing From Iraq Funds
Posted by Top News on 8/19/2004, 11:42 pm, in reply to "Top News"
Message modified by board administrator 8/19/2004, 11:42 pm

$8.8 Billion in Iraqi Funds Missing
Reuters
Thursday August 19 2004

WASHINGTON (Reuters) - At least $8.8 billion in Iraqi funds that was given to Iraqi ministries by the former U.S.-led authority there cannot be accounted for, according to a draft U.S. audit set for release soon.

The audit by the Coalition Provisional Authority's own Inspector General blasts the CPA for ``not providing adequate stewardship'' of at least $8.8 billion from the Development Fund for Iraq that was given to Iraqi ministries.

The audit was first reported on a Web site earlier this month by journalist and retired Col. David Hackworth. A U.S. official confirmed the contents of the leaked audit cited by Hackworth (www.hackworth.com) were accurate.

The development fund is made up of proceeds from Iraqi oil sales, frozen assets from foreign governments and surplus from the U.N. Oil for Food Program. Its handling has already come under fire in a U.N.-mandated audit released last month.

Among the draft audit's findings were that payrolls in Iraqi ministries under Coalition Provisional Authority control were padded with thousands of ghost employees.

In one example, the audit said the CPA paid for 74,000 guards even though the actual number could not be validated. In another, 8,206 guards were listed on a payroll but only 603 people doing the work could be counted.

Three Democratic senators -- Ron Wyden of Oregon, Tom Harkin from Iowa and Byron Dorgan of North Dakota -- demanded an explanation from Defense Secretary Donald Rumsfeld over the use of the funds by the CPA, which handed over authority to the Iraqis in June.

``The CPA apparently transferred this staggering sum of money with no written rules or guidelines for ensuring adequate managerial, financial or contractual controls over the funds,'' said the letter sent by the senators on Thursday.

``Such enormous discrepancies raise very serious questions about potential fraud, waste and abuse,'' said the senators.

A spokesman for the CPA Inspector General's office confirmed ``field work'' had been completed on the audit but declined to give specifics. He said auditors were awaiting comment from the Pentagon before releasing the final report, probably later this month.

The Pentagon did not immediately respond to questions.

An international audit report released last month that was requested by a U.N.-mandated monitoring body chided the CPA for oversight of spending of Iraq's oil revenue.

While the International Advisory and Monitoring Board said the audit found no evidence of fraud in spending by the CPA after the U.S. invasion in March 2003, it said oversight was insufficient to ensure money was used for its intended purposes.

One of the main benefactors of the Iraq funds was Texas-based firm Halliburton, which was paid more than a billion dollars out of those funds to bring in fuel for Iraqi civilians.

The monitoring board said despite repeated requests it had not been given access to U.S. audits of contracts held by Halliburton, which was once run by Vice President Dick Cheney, and other firms that used the development funds.

ABrownLamp
08-20-2004, 05:07 PM
What's worse is that there has been billions allocated to the war and only a few hundred million have been spent. Makes you wonder where all that money is. And it also makes me wonder why REPS are so up in arms about Kerry voting against the money for our troops (which he didn't, he voted against other inadequacies of the bill.)

PhinPhan1227
08-20-2004, 05:10 PM
Gee...corruption in a fledgling government...what a shock!

MDFINFAN
08-20-2004, 05:15 PM
Gee...corruption in a fledgling government...what a shock!

PP1227 if that had been Clinton's admin you'd be on flames. So you don't care about waste now in our gov't? Really? Blinders when it comes the person you want to support... :shakeno:

PhinPhan1227
08-20-2004, 06:22 PM
PP1227 if that had been Clinton's admin you'd be on flames. So you don't care about waste now in our gov't? Really? Blinders when it comes the person you want to support... :shakeno:


Sure I care about waste. But #1, it wasn't our money, it was money from oil sales and the UN. So I'm not quite as upset about the money, no. #2, only the most air headed idealist would think that in a situation as chaotic as this local officials wouldn't take advantage and skim as much money as possible. If Clinton was in charge I would expect the same thing. It was guarranteed to happen. Sorry, but I didn't expect Bill Clinton to alter human nature. Heck, I blame Bill Clinton for pardoning drug dealers and not responding to attacks on US soil with more than a cruise missile. I didn't blame Bill Clinton when security was crappy at Los Alamos. A PResident can only control so much.

ohall
08-20-2004, 07:26 PM
PP1227 if that had been Clinton's admin you'd be on flames. So you don't care about waste now in our gov't? Really? Blinders when it comes the person you want to support... :shakeno:

Of course it's a concern. I don't think 1227 was trying to push it off or minimize it. I took his comment as an attempt to put some perspective on this issue.

It's a bit early to know exactly what is going. Why don't we wait to get more specific facts before we go lynching Bush #43 for the millionth time?

Oliver...

MDFINFAN
08-21-2004, 12:58 AM
Of course it's a concern. I don't think 1227 was trying to push it off or minimize it. I took his comment as an attempt to put some perspective on this issue.

It's a bit early to know exactly what is going. Why don't we wait to get more specific facts before we go lynching Bush #43 for the millionth time?

Oliver...

I understood what 1227 was doing, but I think making light of it because it's on Bush's watch is a bit disingenuous. 1227 understood my comment without taking it too serious, but in the light in which it was meant.

MDFINFAN
08-21-2004, 01:05 AM
Sure I care about waste. But #1, it wasn't our money, it was money from oil sales and the UN. So I'm not quite as upset about the money, no. #2, only the most air headed idealist would think that in a situation as chaotic as this local officials wouldn't take advantage and skim as much money as possible. If Clinton was in charge I would expect the same thing. It was guarranteed to happen. Sorry, but I didn't expect Bill Clinton to alter human nature. Heck, I blame Bill Clinton for pardoning drug dealers and not responding to attacks on US soil with more than a cruise missile. I didn't blame Bill Clinton when security was crappy at Los Alamos. A PResident can only control so much.

Err, 1227, Bush is president, you're doing the same thing that Bush does when things happen, it's not my fault, this started with Clinton, I wonder why Clinton couldn't duck everything by blaming it on Bush 1. Clinton hasn't been in office for 4 years and yet I hear if something happens tomorrow, he somehow had something to do with it. Bush gets a report about Al Quida possible attack on America, and Clinton's adminstration has to be brought in. People are learning to fly planes without landing and somehow Clinton should have stopped them, even though he wasn't even in office. Clinton is over, we're dealing with today. At least Clinton attacked Al Quida back on their soil, cruise missles work if they hit the target, they do the same thing war does, kill people.

ohall
08-21-2004, 01:08 AM
Err, 1227, Bush is president, you're doing the same thing that Bush does when things happen, it's not my fault, this started with Clinton, I wonder why Clinton couldn't duck everything by blaming it on Bush 1. Clinton hasn't been in office for 4 years and yet I hear if something happens tomorrow, he somehow had something to do with it. Bush gets a report about Al Quida possible attack on America, and Clinton's adminstration has to be brought in. People are learning to fly planes without landing and somehow Clinton should have stopped them, even though he wasn't even in office. Clinton is over, we're dealing with today. At least Clinton attacked Al Quida back on their soil, cruise missles work if they hit the target, they do the same thing war does, kill people.

I've never heard Bush #43 do anything but compliment Clinton. When it comes to the negative stuff Bush #43 rarely goes there with anyone.

Oliver...

MDFINFAN
08-21-2004, 01:18 AM
I've never heard Bush #43 do anything but compliment Clinton. When it comes to the negative stuff Bush #43 rarely goes there with anyone.

Oliver...

:roflmao:

That's why the clinton adminstration has to come in, because of the compliments. Bush had the report, the people were learning to fly and not land on Bush's watch. But the commission couldn't just deal with Bush. The reccession started with Clinton, the this, the that was with Clinton and Bush inherited this, I've heard this so much, I thought Clinton was still in office.

ohall
08-21-2004, 01:40 AM
:roflmao:

That's why the clinton adminstration has to come in, because of the compliments. Bush had the report, the people were learning to fly and not land on Bush's watch. But the commission couldn't just deal with Bush. The reccession started with Clinton, the this, the that was with Clinton and Bush inherited this, I've heard this so much, I thought Clinton was still in office.

I have no idea what you're talking about now. I don't see where any of that says Bush #43 has ever had anything but positive things to say about Clinton in public.

Oliver...

PhinPhan1227
08-21-2004, 03:47 AM
Err, 1227, Bush is president, you're doing the same thing that Bush does when things happen, it's not my fault, this started with Clinton, I wonder why Clinton couldn't duck everything by blaming it on Bush 1. Clinton hasn't been in office for 4 years and yet I hear if something happens tomorrow, he somehow had something to do with it. Bush gets a report about Al Quida possible attack on America, and Clinton's adminstration has to be brought in. People are learning to fly planes without landing and somehow Clinton should have stopped them, even though he wasn't even in office. Clinton is over, we're dealing with today. At least Clinton attacked Al Quida back on their soil, cruise missles work if they hit the target, they do the same thing war does, kill people.


MD...YOU brought up Bill Clinton!! "if that had been Clinton's admin you'd be on flames". Do you remember that comment...it was only a couple of responses back. Not only that, but I did NOT blame Clinton for the lost money. I blamed human nature and the nature of the environment in which it was lost. Seriously man, do you even read my posts when you respond? This makes two that you have totaly screwed up dude!