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Wednesday, June 15, 2011

Auditor Disputes Report About $6.6 Billion in Iraq Money Being Stolen



The U.S. watchdog on Iraq reconstruction is disputing a report quoting him suggesting that $6.6 billion in Iraqi oil money entrusted to U.S. hands may have been stolen.

The charge, if true, would make the theft of funds the largest in U.S. history, and has already angered Iraqis reportedly debating whether to sue over the missing funds.

The Pentagon refuses to endorse the charge that the disappearing dollars were stolen -- either by greedy U.S. contractors or others involved in its movement from U.S. holdings to Iraq. And now, Special Inspector General for Iraq Reconstruction Stuart Bowen said he never said that $6.6 billion in missing money was swiped.

"What we concluded in our previous audits is that it's been virtually impossible to account for what happened to that money," Bowen told Fox News in a telephone interview Monday, adding that criminal cases have led to the convictions of people who have stolen money from a special fund set up by the U.N. Security Council.

But Bowen said he did not mean to imply anything more when he answered a Los Angeles Times reporter's question about whether it would be serious if billions of dollars was stolen from the Development Fund for Iraq.


Read more: http://www.foxnews.com/politics/2011/06/14/auditor-disputes-report-about-66-billion-in-iraq-money-being-stolen/#ixzz1PMDWVxDb



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