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Showing posts with label Iraq reconstruction. Show all posts
Showing posts with label Iraq reconstruction. Show all posts

Tuesday, June 14, 2011

Missing Iraq money may have been stolen, auditors say

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U.S. Defense officials still cannot say what happened to $6.6 billion, sent by the planeload in cash and intended for Iraq's reconstruction after the start of the war.

The Great Plane Robbery from C-130 Hercules / Wiki commons
Paul Richter
The Los Angeles Times

Reporting from Washington—After the U.S.-led invasion of Iraq in March 2003, the George W. Bush administration flooded the conquered country with so much cash to pay for reconstruction and other projects in the first year that a new unit of measurement was born.

Pentagon officials determined that one giant C-130 Hercules cargo plane could carry $2.4 billion in shrink-wrapped bricks of $100 bills. They sent an initial full planeload of cash, followed by 20 other flights to Iraq by May 2004 in a $12-billion haul that U.S. officials believe to be the biggest international cash airlift of all time.

This month, the Pentagon and the Iraqi government are finally closing the books on the program that handled all those Benjamins. But despite years of audits and investigations, U.S. Defense officials still cannot say what happened to $6.6 billion in cash — enough to run the Los Angeles Unified School District or the Chicago Public Schools for a year, among many other things.

Friday, April 1, 2011

US Baghdad embassy will double in size: envoy

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Editor's Note: The U.S. embassy in Iraq is already the largest and most expensive in the world, reportedly costing over $1.5 billion -- Now it seems safe to double that plus some inflation.

The US embassy complex in Baghdad
© AFP/File
AFP

BAGHDAD (AFP) - The US Embassy in Baghdad, already the largest in the world, is expected to double its staff after American forces pull out of the country later this year, Washington's envoy said on Friday.

"We'll be doubling our size if all of our plans go through and if we receive the money from Congress in 2011 and then again in 2012," James Jeffrey, the US ambassador in Iraq, told reporters.

He said the staff would increase "from 8,000 plus personnel that we have now to roughly double that by 2012," adding that US forces would make up only a very small part of that number.
Jasper Roberts Consulting - Widget