Missing Iraqi billions 'probably stolen'
Sidney Morning Herald - This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled funding for reconstruction in postwar Iraq.
But despite years of investigations, US defense officials still cannot say what happened to $US6.6 billion ($6.3 billion/Australian) of the cash. Federal auditors are now suggesting that some or all of the cash may have been stolen, not just mislaid in an accounting error.
After the US-led invasion in March 2003, the Bush administration flooded Iraq with so much cash that a new unit of measurement was born. Read more.
But despite years of investigations, US defense officials still cannot say what happened to $US6.6 billion ($6.3 billion/Australian) of the cash. Federal auditors are now suggesting that some or all of the cash may have been stolen, not just mislaid in an accounting error.
After the US-led invasion in March 2003, the Bush administration flooded Iraq with so much cash that a new unit of measurement was born. Read more.
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