BBC NEWS | UK | 'Failure to account' for Iraq cash:

"Iraqi money cannot be accounted for by occupying forces responsible for the funds, according to two new reports.
Discrepancies are highlighted in the handling of $20bn generated from Iraq's oil and other sources since war ended last year..... according to the Lib Dems, there is a shortfall of up to $3.7bn (£2.03bn) between the amount of oil revenue earned and the money paid into the DFI by the CPA.

Iraq's oil resources generate billions of dollars each year and both studies insist it is not known how that money has been spent.

Helen Collinson, from Christian Aid, said: "For the entire year that the CPA has been in power in Iraq it has been impossible to tell with any accuracy what the CPA has been doing with Iraq's money."

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