8.8 billion dollars entrusted to the Coalition Provisional Authority (CPA) in Iraq earlier in 2004 "went missing." They have not been accounted for.Published on Saturday, August 21, 2004
by the Inter Press Service - See http://www.commondreams.org/headlines04/0821-01.htm
'Staggering Amount' of Cash Missing In Iraqby Emad Mekay
Extract WASHINGTON - Three U.S. senators have called on Defense Secretary Donald Rumsfeld to account for 8.8 billion dollars entrusted to the Coalition Provisional Authority (CPA) in Iraq earlier this year but now gone missing.
In a letter Thursday, Senators Ron Wyden of Oregon, Byron L Dorgan of North Dakota and Tom Harkin of Iowa, all opposition Democrats, demanded a "full, written account" of the money that was channeled to Iraqi ministries and authorities by the CPA, which was the governing body in the occupied country until Jun. 30.
The loss was uncovered in an audit by the CPA's inspector general. It has not yet been released publicly and was initially reported on the website of journalist and retired U.S. Army Col David Hackworth.
The CPA was terminated at the end of July to make way for an interim Iraqi government, which is in turn scheduled to be replaced by an elected body early in 2005.
"We are requesting a full, written account of the 8.8 billion dollars transferred earlier this year from the CPA to the Iraqi ministries, including the amount each ministry received and the way in which the ministry spent the money," said the letter.