Waxman Calls for Hearings on the Successor to Oil for Food Program, DFI Run by Bush Administration
17 May 2005
Today, Henry Waxman who serves on the House Committee investigating the U.N. Oil for Food program, issued a call to investigate “abuses in the Development Fund for Iraq , the successor to the Oil for Food program run by the Bush Administration.”
It’s about time someone called the Bush administration on their own stink! They are putting the blame on everyone else while covering up their own dirt. Earlier today, I reported on British lawmaker George Galloway’s scathing words for the Senate Committee investigation on the Oil for Food program. Galloway called the investigation the “mother of all smokescreens.”
“…while Congress has held more than a dozen hearings to actively and aggressively investigate Oil for Food, we have held not one single hearing on the successor program, the Development Fund for Iraq. The Development Fund for Iraq, known as the DFI, was established so that the proceeds from Iraq's oil resources would continue to be used to benefit the Iraqi people. The Bush Administration took control over the DFI from the U.N. shortly after the war in Iraq began.
The DFI has been seriously mismanaged. Although it has not been widely reported, U.S. officials charged with overseeing the reconstruction of Iraq have found that the Administration failed to properly account for more than $8 billion in DFI funds. The Administration has failed to account for nearly $100 million in cash that was intended to go to local reconstruction projects in Iraq. Furthermore, the Administration has blacked out evidence of overcharges to the DFI from reports submitted to international auditors.
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http://www.lightupthedarkness.org/blog/default.asp?view=plink&id=906
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