Crap, do you think they could find out where the money went? Things are really looking up for the honesty and integrity (hahahahah) of the Bush admin. Auditors Can’t Account for Iraq Spent Funds (AP):
U.S. and Iraqi officials doled out hundreds of millions of dollars in oil proceeds and other moneys for Iraqi projects earlier this year, but there was little effort to monitor or justify the expenditures, according to an audit released Thursday.
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.
The report was released by Rep. Henry Waxman of California, ranking Democrat on the House Government Reform Committee and a leading critic of reconstruction spending to rebuild Iraq.
“The Bush Administration cannot account for how billions of dollars of Iraqi oil proceeds were spent,” Waxman said. “The mismanagement, lack of transparency, and potential corruption will seriously undermine our efforts in Iraq. A thorough congressional investigation is urgently needed.”