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Audit: Pentagon Can’t Account for 95% of $9B of Iraq Reconstruction Funds

HeadlineJul 28, 2010

A new government audit has revealed the Pentagon cannot account for over 95 percent of some $9 billion spent in reconstruction funds in Iraq between 2004 and 2007. In its report, the Special Inspector General for Iraq Reconstruction accused the Pentagon of lax oversight and weak controls of money in the Development Fund for Iraq. The report stated, “The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss.”

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