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.
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.
"Such enormous discrepancies raise very serious questions about potential fraud, waste and abuse," said the senators.
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