Billions in Iraq funds 'lost' [View All]

[dArKeR]

London - The US-run body governing Iraq has failed to account for billions of dollars allocated for rebuilding the country, a prominent British aid group charged on Thursday.

Christian Aid said in its report that the Coalition Provisional Authority had only explained publicly how it had spent $1bn of the $5bn it has been given for Iraqi development.

The funds include $1bn from the former United Nations Oil for Food program, $2.5bn in assets seized from Saddam Hussein's former regime an $1.5bn in oil revenues, the group said.

http://www.news24.com/News24/World/Iraq/0,,2-10-1460_1434614,00.html

I thought I saw this story on the DU but can't find it now so here goes.