A US watchdog report says the US Office of Defence can't account for some $US2 billion ($1.8 billion) of Iraqi cash it held

A US watchdog report says the US Office of Defence can't account for some $US2 billion ($1.8 billion) of Iraqi cash it held. The dept　 can not account for about two-thirds of the about $US3 billion in DFI (Development Fund for Iraq) money,　 the report to the US Congress by the Particular Inspector Standard for Iraq Reconstruction (SIGIR) stated, citing the findings of an audit it done.
According to the audit, the funds was created available by the Iraqi federal government to the Defence Office for generating repayments on contracts awarded by the US Coalition Provisional Authority, which ruled Iraq from 2003 to 2004.
Most of the money - $US2.8 billion - was held in a Federal Reserve Bank of New York account whilst $US217.7 million was held in a vault in the presidential palace in Baghdad, SIGIR said.
Standard bank information show that the defence division created about $US2.7 pro jerseys billion in repayments from the account but it does not have　 specifics about the repayments or monetary documents, such as vendor invoices, to help them,　 SIGIR explained.
It required only written approval from the (Iraqi government) to concern fee.　
Although the dept was accountable for documenting the expenditure of the total $US2.seven billion,　 it could give SIGIR documentation to assistance only about $US1 billion.　
The dept also　 can not identify documentation supporting $US119.four million of the $US193.3 million it invested from the $US217.seven million in money remaining in the presidential palace vault when the CPA dissolved $US24.four million was returned to the GOI in March 2008,　 SIGIR said.
It is not the 1st time that questions have wholesale pro jerseys been elevated about US accountability for Iraqi funds.
In June 2011, nfl wholesale jerseys US officials acknowledged that $US6.six billion in Iraq reconstruction money had disappeared. But Iraq claims that $US17 billion is missing and on October 6 formed a specific committee to chase down the cash.
SIGIR even so explained in an October thirty report that an audit had accounted for most of $US6.six billion in formerly unaccounted-for funds.
When the CPA was dissolved, the CPA administrator transferred manage above practically all of the $US6.6 billion remaining in DFI funds　 to the Iraqi central standard bank, the report mentioned.
AFPreport=2012-02-01data

Related article:
best
Shimbun