'Millions missing' from Iraq fund

December 7, 2007
'Millions missing' from Iraq fund

A $5.2bn (£2.6bn) fund used to train and equip Iraqi security forces cannot be shown to have been used properly, US military auditors say in a new report.

Sloppy accounting by the US army command meant there was no paper trail for much of the spending, they say.

The report, based on a visit from March to May this year, said high levels of violence made it hard to oversee management of the fund.