Oil funds were 'vulnerable to inappropriate uses and undetected loss'
“The report by the U.S. Special Investigator for Iraq Reconstruction offers a compelling look at continued laxness in how such funds are being spent in a country where people complain basic services like electricity and clean water are sharply lacking seven years after the U.S.-led invasion that toppled Saddam Hussein.”
Despite the conclusion that the whole system was easy to rip off, it also said:
“The audit did not indicate that investigators believed there were any instances of fraud involved in the spending of these funds.”
Say what? All this money – a whopping $8.7 billion in cash – just disappears and the investigating agency says no fraud was found? In the real world billions of dollars do not evaporate like smoke – which someone in the U.S. Special Investigator’s office is now trying to blow up the public’s ass!