Saturday, Oct 10th

Last update03:31:45 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...

Top general on Afghan hospital raid: US brass behind decision to strike

US General blames US for hospital hitThe top U.S. commander in Afghanistan, Gen. John Campbell, accepted the United States’ responsibility Tuesday for...

U.N.: Civilian casualties in Afghanistan reach record levels

Afghanistan civilian casualtiesThe number of women and children killed or injured through the year in Afghanistan increased by...

Medical charity says up tp 20 dead in air strike on northern Afghan hospital, including 3 children

Hopsital hit by US in AfghanistanThe United States has been condemned for launching an airstrike on a Médecins Sans Frontières (Doctors...

The Company Getting Rich Off the ISIS War

Paul WolfowitzFor the Middle East, the growth of the self-proclaimed Islamic State has been a catastrophe. For...
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!