The U.S. Department of Defense was unable to account properly for $8.7 billion of Iraqi oil and gas money meant for humanitarian needs and reconstruction after the 2003 invasion, according to an audit released on Tuesday.
The figure is nearly 96 percent of the $9.1 billion funneled to the Pentagon from the Development Fund for Iraq (DFI), said the audit report from the U.S. Special Inspector General for Iraq Reconstruction (SIGIR).
The report described lax management of some of the billions of dollars designated for rebuilding war-shattered Iraq, where residents routinely complain about lack of electricity and other basic services more than seven years after the invasion.
Full story: U.S. can’t account for $8.7 billion of Iraq’s money: audit
