UN Council Concerned Over Iraq’s Handling Of Oil Sales

Members of the U.N. Security Council on Monday expressed concern over Iraq’s handling of oil sales since the transfer of power from the U.S.-led coalition authority, after an audit reported shoddy accounting and mismanagement.

The audit, by accounting firm KPMG, had found that Iraq’s interim government mishandled about $100 million in oil money meant for development in the six months after they took power from the U.S. government on June 28, 2004
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