Fuelling suspicion: the coalition and Iraq's oil billions /28.06.04
The US-controlled coalition in Baghdad is handing over power to an Iraqi government without having properly accounted for what it has done with some $20 billion of Iraq's own money, says a new report published by Christian Aid.
http://www.christian-aid.org.uk/news/media/pressrel/040627.htmAudit: U.S. lost track of $9 billion in Iraq funds
Pentagon, Bremer dispute inspector general's report
Monday, January 31, 2005 Posted: 0412 GMT (1212 HKT)
WASHINGTON (CNN) -- Nearly $9 billion of money spent on Iraqi reconstruction is unaccounted for because of inefficiencies and bad management, according to a watchdog report published Sunday. An inspector general's report said the U.S.-led administration that ran Iraq until June 2004 is unable to account for the funds.
http://edition.cnn.com/2005/WORLD/meast/01/30/iraq.audit/Report Finds “Appalling Level of Fraud and Greed”
By William Fisher
Inter Press Service
June 29, 2005
.. CPA officials gave over 8 billion dollars in cash to Iraqi ministries. The Special Inspector General found significant funds paid to ”ghost employees” and billion-dollar discrepancies in some expenditures. The cash -- a total of 363 tonnes, generated mostly from oil revenues -- was Iraqi funds that had been held in trust by the Federal Reserve under the terms of a United Nations resolution. Waxman said the largest single recipient of DFI funds was Halliburton ..
http://www.globalpolicy.org/security/issues/iraq/dfi/2005/0629appalling.htmCORRUPTION:
Double Trouble for Halliburton
William Fisher
NEW YORK, Apr 21 <2005> (IPS) - The Halliburton corporation, already the Iraq war's poster child for ”waste, fraud and abuse”, has been hit with a new double-whammy. A report from the U.S. State Department accuses the company of ”poor performance” in its 1.2-billion-dollar contract to repair Iraq's vital southern oil fields. And a powerful California congressman is charging that Defence Department audits showing additional overcharges totaling 212 million dollars were concealed from United Nations monitors by the George W. Bush administration. The new overcharges bring to two billion dollars, or 42 percent of the contract amounts, the grand total of questionable bills from Halliburton ..
http://ipsnews.net/interna.asp?idnews=28404