DoD CAN ACCOUNT FOR $400,000 - MIA $8.7 BILLION

The Department of Defense says not following regulations makes it impossible to account for $8.7 Million of the $9.1 Billion in Development Funds for IRAQ. SIGIR: Defense can't account for $8.7 billion because...

"This situation occurred because most DoD organizations receiving DFI (Development Fund for Iraq) funds did not establish the required Department of the Treasury accounts and no DoD organization was designated as the executive agent for managing the use of DFI funds," the report states.

The Special Inspector General for Iraq Reconstruction (SIGIR) finds that only one Defense organization actually set up the accounts required by the Treasury.

The fact that $400,000 could be accounted for is only because one Defense organization followed Treasury requirements is unacceptable. Where did the money go? Unfortunately, we will probably never know.