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Audit: US cannot account for $8.7B in Iraqi funds (AP)

July 27th, 2010

FILE - In this Jan 24, 2004 file photo, fires flare off the gas from crude oil at Iraq's oldest oil processing plant in the northern Iraqi town of Baba Gurgur, outside Kirkuk, Iraq. A U.S. audit has found that the Defense Department can't properly account for how it spent about 95 percent of $9.1 billion in Iraqi oil money earmarked for rebuilding the war-ravaged country.(AP Photo/Khalid Mohammed, File)AP - A U.S. audit has found that the Pentagon cannot account for over 95 percent of $9.1 billion in Iraq reconstruction money, spotlighting Iraqi complaints that there is little…

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