REPRESENTATIVES from more than 70 countries were gathering in Madrid today to discuss funding of post-war Iraq amid accusations that the coalition authority in the country has failed to account for billions of dollars of oil and aid revenues.
A Christian charity claimed yesterday that failure of the Coalition Provisional Authority (CPA) to set up an independent auditing board to oversee spending had left a question mark over what had happened to up to $4 billion (£2.4 billion) that should have been spent on rebuilding the country.
The accusations were dismissed as groundless by the Foreign Office, which said all money raised by oil sales had been accounted for in the CPA’s published budgets....
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