Mind Vomit by the ikss ~ a journal
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Thursday, Aug. 19, 2004
anyone checked Dick Cheney's wallet?

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�Once in his life, every man is entitled to fall madly in love with a gorgeous redhead�
-Lucille Ball


"To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public."
--Theodore Roosevelt, 1918

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"The time is always right to do what is right"
- Martin Luther King, Jr.

"The "seven social sins": Knowledge without character,
Science without humanity,
Wealth without work,
Commerce without morality,
Politics without principles,
Pleasure without conscience,
Worship without self-sacrifice."
--Gandhi

"We have not inherited the world from our forfathers -
We have borrowed it from our children."
--Kashmiri, proverb
Senators Ask Where $8.8 Bln in Iraq Funds Went
By Sue Pleming

WASHINGTON (Reuters) - At least $8.8 billion in Iraqi funds that was given to Iraqi ministries by the former U.S.-led authority there cannot be accounted for, according to a draft U.S. audit set for release soon.

The audit by the Coalition Provisional Authority's own Inspector General blasts the CPA for "not providing adequate stewardship" of at least $8.8 billion from the Development Fund for Iraq that was given to Iraqi ministries. . .

The development fund is made up of proceeds from Iraqi oil sales, frozen assets from foreign governments and surplus from the U.N. Oil for Food Program. Its handling has already come under fire in a U.N.-mandated audit released last month.

Among the draft audit's findings were that payrolls in Iraqi ministries under Coalition Provisional Authority control were padded with thousands of ghost employees. . .

Three Democratic senators -- Ron Wyden of Oregon, Tom Harkin from Iowa and Byron Dorgan of North Dakota -- demanded an explanation from Defense Secretary Donald Rumsfeld over the use of the funds by the CPA, which handed over authority to the Iraqis in June.

"The CPA apparently transferred this staggering sum of money with no written rules or guidelines for ensuring adequate managerial, financial or contractual controls over the funds," said the letter sent by the senators on Thursday. . .

One of the main benefactors of the Iraq funds was Texas-based firm Halliburton, which was paid more than a billion dollars out of those funds to bring in fuel for Iraqi civilians.

The monitoring board said despite repeated requests it had not been given access to U.S. audits of contracts held by Halliburton, which was once run by Vice President Dick Cheney, and other firms that used the development funds.

08/19/04 15:12
� Copyright Reuters Ltd. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.



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