United States Defense Departmentannounced it's unable to account for $8.7 billion of the $9.1 billion
allocated for the reconstruction of Iraq.
Siting that no organization was conducted to handle the funds
which typically are generated from export sales of petroleum, petroleum products,
natural gas, UN oil-for-food surplus funds, & frozen Iraqi assets.
The list of unaccountable funds is fairly lengthy including:
-159 of the Embassy's vehicles worth $18.5 million missing
-$270,000 charges a year on over 2,000 cell phones to unregistered users
-Out of $12 billion shipped from the Fed to Baghdad, $9 billion disappeared
-$2.3 million in office property (i.e furniture) missing
-$2.3 million in excess property rots in warehouses:
*1,069 chairs
*631 TV's
*614 mattresses
*681 tables
*563 DVD players
The Commission on Wartime Contracting in Iraq & Afghanistan
confessed that $21 billion is going towards questionable and unsupported costs
and at least 1/3 of the 200,000 employees are slaves whom answer to sub-contractors.
allocated for the reconstruction of Iraq.
Siting that no organization was conducted to handle the funds
which typically are generated from export sales of petroleum, petroleum products,
natural gas, UN oil-for-food surplus funds, & frozen Iraqi assets.
The list of unaccountable funds is fairly lengthy including:
-159 of the Embassy's vehicles worth $18.5 million missing
-$270,000 charges a year on over 2,000 cell phones to unregistered users
-Out of $12 billion shipped from the Fed to Baghdad, $9 billion disappeared
-$2.3 million in office property (i.e furniture) missing
-$2.3 million in excess property rots in warehouses:
*1,069 chairs
*631 TV's
*614 mattresses
*681 tables
*563 DVD players
The Commission on Wartime Contracting in Iraq & Afghanistan
confessed that $21 billion is going towards questionable and unsupported costs
and at least 1/3 of the 200,000 employees are slaves whom answer to sub-contractors.
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