UN slams US over spending Iraq funds

[hightime]

United Nations-mandated auditors have sharply criticised the US occupation authority for the way it has spent more than $11bn in Iraqi oil revenues and say they have faced "resistance" from coalition officials.


In an interim report, obtained by the Financial Times, KPMG says the Development Fund for Iraq, which is managed by the US-led Coalition Provisional Authority and channels oil revenue into reconstruction projects, is "open to fraudulent acts".

The auditors criticise the CPA's bookkeeping and warn: "The CPA does not have effective controls over the ministries' spending of their individually allocated budgets, whether the funds are direct from the CPA or via the ministry of finance."

The findings come after US complaints about the UN's administration of the oil-for-food programme under Saddam Hussein
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1087373157793&p=1012571727085

[acmavm]

1. Oh for God's sake, they haven't been paying attention to what the bush*

cabal has been doing to this country? They're surprised by this?

All I can say is get a grip. What the f*** do they expect from these guys?

[MaineDem]

2. 11 billion? With a B?

Holy shit!

[mom cat]

8. wonder who is getting the contracts, and which vice president

is profiting.

[struggle4progress]

3. So this is why the conservative press has been screaming ...

about "scandal in the oil-for-food program." They really need to distract attention from an ongoing US rip-off of Iraqi oil monies.

[RUMMYisFROSTED]

4. The Iraq war only came up short by $200B of self-financing itself.

And counting...

[Jacobin]

5. but but but, we're not there to steal their oil

only the proceeds from the SALE of oil.

:-)

BTW, all those torture thingies? They cost money!!

[peacetalksforall]

6. I object to the the statement that the UN sharply criticised the 'US'.

If only they could come out and say that it was the cabal in combinations with the neo-cons because the people of the U.S. DID NOT SPEND THE MONEY and we didn't get to vote on the act. However, perhaps our GAO and Congress SHOULD BY BLAMED for non-action, left behind oversight and audit, and blanket approvals. If they are not thieves, someone, please tell us why not. This is a disgusting situation we've been put in. Will some country come in a save us? We need an allied collaboration of saviors. Cheney and the neo-cons don't represent us.

[0007]

7. This administration does what-ever it wants when ever it wants -

The media goes along with what ever they do and in reality are just as criminal as the biggest crime cabal in the histroy of mankind.