Written by The Pentagon doesn’t know what happened to more than $100 million in cash held at Saddam Hussein’s palace in Baghdad during the Iraq war, according to a new report by the Special Inspector General for Iraq Reconstruction.
What’s more, the Pentagon can’t find documents to explain what it spent as much as $1.7 billion on from funds held on behalf of the Iraqi government by the New York Federal Reserve, the report says.
The missing records raise new questions about how the US government handled billions of dollars in Iraqi funds during the war.
The new report, the latest in a multi-year investigation by the inspector general into missing money in Iraq, paints a picture of Pentagon officials digging through boxes of hard copy records looking for missing paper copies of Excel spreadsheets, monthly reports and other paper documents that should have been kept detailing what the money was spent on and why those expenditures were necessary. Apparently, there are no electronic records to back up the spending.
The Inspector General’s report concludes that the problem is simply one of “records management.” But the report explains the missing records make it impossible to conduct a complete accounting of what happened to the funds.
The missing money came from the Development Fund for Iraq, a cache of billions of dollars in frozen Saddam Hussein regime assets that was held at the New York Federal Reserve on behalf of the Iraqi people.
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I Am the 0.00000000143%
2012 Leave a Comment
I am an individual. I am unique. I am the smallest minority. I am one out of seven billion or so. That’s approximately 0.00000000143%. I am approximately the 0.00000000143%, and I am still significant. I matter. I have as much right to exist in this world as anyone else. I have as much right to express my opinion. I have as much right to pursue my interests as anyone else. I have as much right to acquire private property, goods and services in a fair and equitable manner as anyone else. I respect everyone else’s natural rights, and everyone else should respect mine. If I need help, I would appeal to your sense of humanity and generosity to try to convince you to offer your help on a voluntary basis, I would not ask a violent organization to steal from you or coerce you through threats of imprisonment, or worse, into turning your hard earned property over to meet my needs. READ MORE »