Wednesday, January 05, 2011

Pentagon in $9.1 Billion Fraud Case in Iraq

Iraq's Supreme Audit Court says the US Ministry of Defense has failed to account for the USD 9.1 billion misspent discretionary funds during Iraq's occupation.

The Pentagon received USD 9.1 billion back in 2004 from the US-led occupation authority funds set up to benefit Iraqi people with assets seized from the previous regime of Saddam Hussein.

According to Iraqi newspaper al-Bayanat al-Jadidah, this recent release follows the 2010 finding of USD 8.7 billion in Iraq funds not accounted for.'


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