Friday, October 15, 2004

 

Where did all that money go?

Billions of dollars of money in Iraq for projects are unaccounted for, including hundres of millions of dollars in Iraqi oil revenues. The CPA, who wanted to spend millions of Iraqi oil dollars on building a museum to remembering how bad Saddam was if I remember correctly, seemed to just throw money around like a game of monopoly.
Files that could explain many of the payments are missing or nonexistent, and contracting rules were ignored, according to auditors working for an agency created by the United Nations.

``We found one case where a payment ($2.6 million) was authorized by the CPA (Coalition Provisional Authority) senior adviser to the Ministry of Oil,'' the report said. ``We were unable to obtain an underlying contract'' or even ``evidence of services being rendered.''

In a program to allow U.S. military commanders to pay for small reconstruction projects, auditors questioned 128 projects totaling $31.6 million. They could find no evidence of bidding for the projects or, alternatively, explanations of why they were awarded without competition.
But wait, there's more.
In the CPA programs, ``We found 37 cases where contracting files could not be located,'' the auditors said. The cost of the contracts: $185 million. In another 52 cases, there was no record of the goods received for $87.9 million in expenditures.

In a military commanders' program to buy back weapons, $1.4 million was spent from a fund that specifically prohibited such expenditures, auditors said.

Iraq's Ministry of Finance maintained two sets of accounting records, one manual and one computerized.

``A reconciliation between these two sets of accounting records was not prepared and the difference was significant,'' the report said.

Auditors questioned why checks were made payable to a U.S. official - a senior adviser to the Iraqi ministry of health - rather than to suppliers.

Other questions were raised about funds provided by the U.S.-run governing authority to Kurdish officials in northern Iraq. In one instance, auditors were given a deposit slip that showed the transfer of $1.4 billion to a Kurdish bank. Auditors said they were denied access to accounting records and were unable to verify how - or if - the money was spent.
A full report can be found here. This is really despicable and I think it needs to be pounded into the ground by Kerry and whoever else has the opportunity. I mean here were billions of dollars that the US was supposed to be using to rebuild Iraq and it was just floating around. The idea of Bush scolding Kerry on fiscal responsibility in the last debate is a joke! Fiscal responsibility? Are you fucking kidding me? The saddest part of this whole thing is that there are undoubtedly people who are making a big bag of dollar bills because of this, profitting from the deaths and suffering of millions of people. It's just so sick. Paul Bremer should be brought to trial. And he shouldn't be the last one either. I mean you have people's names on checks here. Let's get it started.

Comments:
So many blogs and only 10 numbers to rate them. I'll have to give you a 8 because you have good content.

Free Access To More Information Aboutif you'd like your ads to show for these keywords
 
i was just browsing through the blog world searching for the keyword posters and it brought me to your site. You have a great site however it is not exactly what i was looking for. Good luck on your site. sincerely, antonio.
 
i was just browsing through the blog world searching for the keyword posters and it brought me to your site. You have a great site however it is not exactly what i was looking for. Good luck on your site. sincerely, antonio.
 
Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?