This story was first reported a few days ago:
The Government Accountability Office (GAO) says the Pentagon cannot track about 30% of the weapons distributed in Iraq over the past three years.
The Pentagon did not dispute the figures, but said it was reviewing arms deliveries procedures
The GAO reached the estimate – 111,000 missing AK-47s and 80,000 missing pistols – by comparing the property records of the Multi-National Security Transition Command for Iraq against records maintained by Gen Petraeus of the arms and equipment he ordered.
Deputy Assistant Defence Secretary Mark Kimmitt told AFP the Pentagon was “reviewing policies and procedures to ensure US-funded equipment reaches the intended Iraqi security forces under the Iraq program”.
Meanwhile, at the end of July, the US Defence Department admitted that the US-led coalition in Iraq had failed to deliver nearly two-thirds of the equipment it promised to Iraq’s army.
The Pentagon said only 14.5m of the nearly 40m items of equipment ordered by the Iraqi army had been provided.
Ah for the good old days, when former interns at the Heritage Foundation ran around the country disbursing cash and the only thing disappearing in Iraq were sackfuls of money. Whatever else is going on here, some people are getting very wealthy.