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US watchdog: Mlns wasted in Iraq rebuilding
By: Mohamed Ali
WASHINGTON: A military watchdog said in a new report
that millions of dollars of US money intended for the reconstruction
of Iraq were wasted and mismanaged by the US-run government in Iraq
between 2003 and 2004.
According to the special inspector general for Iraq reconstruction the
Coalition Provisional Authority had "not effectively managed" more
than 2,000 contracts for central and southern provinces worth 88.1
million dollars.
The inspector general, Stuart Bowen, said in his report that signs of
fraud had been detected and were being investigated.
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"Knowledge is
better than wealth because it protects you while you have to
guard wealth. it decreases if you keep on spending it but the
more you make use of knowledge ,the more it increases . what you
get through wealth disappears as soon as wealth disappears but
what you achieve through knowledge will remain even after you."MORE
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