U.S. State Department Misplaced $6B Under Hillary Clinton ~ THE 5TH ESTATE ASIA

Sunday, April 06, 2014

U.S. State Department Misplaced $6B Under Hillary Clinton

Sunday, April 06, 2014

Clinton can now add this charge to her role in Benghazigate

PRESS TV04/05/2014

The US State Department misplaced and lost some $6 billion due to the improper filing of contracts during the past six years, mainly during the tenure of former Secretary of State Hilary Clinton, a new report says.

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A report published by the State Department’s Inspector General says billions of dollars were lost due to the improper filing of contracts and that the Department is unable to explain how it spent the money.

The $6 billion in unaccounted funds poses a “significant financial risk and demonstrates a lack of internal control over the Department’s contract actions,” according to the IG report.

The report, originally sent on March 20 and just released this week, warns that the missing contracting funds “could expose the department to substantial financial losses.”

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The situation “creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file,” the report concluded.

A series of special government and congressional investigations has identified widespread contracting fraud in both the State and Defense departments.

In one IG investigation, a contract file lacked documentation reflecting that the $52 million contract had been awarded to “a company owned by the spouse of a contractor employee.” In another, a file for a contract valued at $100 million “was not properly maintained and for a period of time was hidden” by the contracting officer.

AHT/ARA

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