Thursday, Oct 20th

Last update05:20:13 AM GMT

You are here News War Auditors say billions likely wasted in Iraq work

Auditors say billions likely wasted in Iraq work

E-mail Print PDF

Iraq war wasted billionsAfter years of following the paper trail of $51 billion in U.S. taxpayer dollars provided to rebuild a broken Iraq, the U.S. government can say with certainty that too much was wasted. But it can't say how much.

In what it called its final audit report, the Office of the Special Inspector General for Iraq Reconstruction Funds on Friday spelled out a range of accounting weaknesses that put "billions of American taxpayer dollars at risk of waste and misappropriation" in the largest reconstruction project of its kind in U.S. history.

"The precise amount lost to fraud and waste can never be known," the report said.

The auditors found huge problems accounting for the huge sums, but one small example of failure stood out: A contractor got away with charging $80 for a pipe fitting that its competitor was selling for $1.41. Why? The company's billing documents were reviewed sloppily by U.S. contracting officers or were not reviewed at all.

With dry understatement, the inspector general said that while he couldn't pinpoint the amount wasted, it "could be substantial."


Most Recent Related Stories...

Two Americans killed in attack at Kabul army base

2 Americans killed in AfghanistanA gunmen in an Afghan army uniform has opened fire on a group of US soldiers,...

Children of US World War II POWs on emotional Poland visit

POW children visit PolandA group of children and relatives of U.S. officers who were held in a Nazi German...

Report finds British troops let Iraqi teenager drown

iraqi teen drowned by UK troopsA judge in the UK has condemned four British troops for the killing of an Iraqi...

Raytheon sued by former employee over Afghanistan fraud allegations

Raytheon employee sues companyA former Raytheon employee has filed a federal lawsuit against the defense giant, alleging the company...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!