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Context of 'Between January 1, 2004 and June 28, 2004: $774,300 in Cash Managed by CPA Disappears from Vault'

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CPA Officials Posing with $2 Million in CashCPA Officials Posing with $2 Million in Cash [Source: US Congress. House Committee on Government Reform] (click image to enlarge)The Coalition Provisional Authority (CPA) awards a $16.84 million sole-source contract to a small McLean, VA -based firm called Custer Battles to provide security at Baghdad International Airport (BIAP). It will later be alleged by former employees of the firm that Custer Battles bilked the CPA by diverting airport personnel to other jobs. An investigation by the Washington Monthly will later discover that the company had very few qualifications for the job and managed the contract in an extremely disorganized manner. One witness describes how the CPA paid the company with a wheelbarrow filled with $2 million in cash. Colonel Richard Ballard, an inspector general for the coalition forces, becomes extremely dismayed with the company’s conduct after examining its performance. His investigation is continuously obstructed by the company which argues that it has no legal obligation to cooperate because it is being paid with Iraqi assets and not money from the Pentagon. He discovers that employees often possess inadequate equipment and training. He is especially appalled by the employees’ “refusal to open the cargo doors of lorries to inspect.” Ballard makes known his concern that the CPA has exercised inadequate oversight of the contract and writes that a “formal audit would likely conclude fraud and potentially gross negligence in the area of contract oversight.” [Special Inspector General for Iraq Reconstruction, 7/30/2004, pp. 50 pdf file; Washington Monthly, 7/2006]

Entity Tags: Coalition Provisional Authority, Custer Battles, LLC

Timeline Tags: Iraq under US Occupation

At the request of the Coalition Provisional Authority, the Federal Reserve Bank sends the CPA $808.2 million in cash during this month. The money is drawn from the Development Fund for Iraq (DFI) and special US Treasury accounts containing revenues from sales of Iraqi oil exports, surplus dollars from the UN-run oil-for-food program, and frozen assets that belonged to the government of Saddam Hussein. [US Congress, 2/6/2007 pdf file]

Entity Tags: US Federal Reserve, Coalition Provisional Authority

Timeline Tags: Iraq under US Occupation

At the request of the Coalition Provisional Authority, the Federal Reserve Bank sends the CPA $464.0 million in cash during this month. The money is drawn from the Development Fund for Iraq (DFI)and special US Treasury accounts containing revenues from sales of Iraqi oil exports, surplus dollars from the UN-run oil-for-food program, and frozen assets that belonged to the government of Saddam Hussein. [US Congress, 2/6/2007 pdf file]

Entity Tags: US Federal Reserve, Coalition Provisional Authority

Timeline Tags: Iraq under US Occupation

$774,300 in cash being managed by the Coalition Provisional Authority is reported missing from a vault. [Bahrain, 9/2004 pdf file]

Entity Tags: Coalition Provisional Authority

Timeline Tags: Iraq under US Occupation

At the request of the Coalition Provisional Authority, the Federal Reserve Bank sends the CPA $750.4 million in cash during this month. Payments in the same amount are made in February (see February 2004) and April (see April 2004). The money is drawn from the Development Fund for Iraq (DFI)and special US Treasury accounts containing revenues from sales of Iraqi oil exports, surplus dollars from the UN-run oil-for-food program, and frozen assets that belonged to the government of Saddam Hussein. [US Congress, 2/6/2007 pdf file]

Entity Tags: US Federal Reserve, Coalition Provisional Authority

Timeline Tags: Iraq under US Occupation

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