Pentagon cannot account for over 95 percent of $9.1 billion in Iraq reconstruction money
Diana Rosblaht
Jul. 27, 2010

The $8.7 billion in question was Iraqi money managed by the Pentagon, not part of the $53 billion that Congress has allocated for rebuilding. It's cash that Iraq, which relies on volatile oil revenues to fuel its spending, can ill afford to lose.

"Iraq should take legal action to get back this huge amount of money," said Sabah al-Saedi, chairman of the Parliamentary Integrity Committee. The money "should be spent for rebuilding the country and providing services for this poor nation."

"The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss," the audit said.

Pentagon cannot account for over 95 percent of $9.1 billion in Iraq reconstruction money
Diana Rosblaht
It's cash that Iraq, which relies on volatile oil revenues to fuel its spending, can ill afford to lose.
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