The Pentagon has once again lost billions of dollars in cash, which has vanished from a fund meant for Iraq reconstruction without any documentation of where it went.
According to the Special Inspector General, the Pentagon is unable to fully account for some $8.7 billion, roughly 96% of the $9 billion Development Fund for Iraq, and has no paperwork at all on some $2.6 billion of that.
The Pentagon insisted that the money hadn’t necessarily “disappeared,” and that they were undergoing substantial efforts trying to come up with some documentation for where that money wound up.
The money in the fund came from frozen Iraqi assets and money left over from the “oil for food” program in the lead up to the war. The Pentagon was supposed to turn over what was left of the fund in late 2007, but has so far declined to do so.
Last 5 posts by Jason Ditz
- Separatists Attack Iran Military Parade in Ahvaz, Killing at Least 29 - September 22nd, 2018
- Israeli Delegation Continues to Try to Explain Downing of Russian Plane in Syria - September 21st, 2018
- German Companies Continue to Withdraw From Iran - September 21st, 2018
- As Afghan Military Deaths Soar, Officials Struggle to Keep Toll Secret - September 21st, 2018
- Afghan Officials Will Meet Taliban in Moscow - September 21st, 2018