Audit Of $8b In Contractor Payments Finds Nearly Every Transaction Lacked Proper Paper Trail

By: Associated Press Email
By: Associated Press Email

Washington (AP) An internal audit of billions of dollars paid to U.S. And Iraqi contractors found that nearly every transaction failed to comply with federal laws or regulations aimed at preventing fraud.

In some cases, there weren't even basic invoices explaining how
The money was spent.

That's according to results released of an investigation by The Defense Department Inspector General.

The probe said that during the five-year period from 2001 through 2006, nearly 8 billion dollars in payments skirted billing rules with some violations egregious enough to invite potential fraud.

The findings provided fresh fodder for anti-war democrats, who say the Bush administration has turned a blind eye to the problem of corruption and fraud by relying too heavily on contractors to manage the war.


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