Forensic accountants called in to find missing Iraq oil billions

The US department of defence has brought in forensic accountants to track down missing oil revenue intended for reconstruction following the invasion of Iraq.

An official audit found that $8.1bn (£5.2bn) of the $9.1bn revenue from Iraq’s oil allocated for the reconstruction effort during 2004-07 had vanished.

The report from the Special Inspector General for Iraq reconstruction unearthed the missing billions, having previously criticised the accounting by senior officials in the past, reports the Guardian.