UNITED NATIONS—At a time when U.S. officials have strongly criticized the management of the U.N. oil-for-food program in Iraq, the United States on Friday had to defend its own management of Iraq's oil revenue against charges of poor administration.
France asked for the U.N. Security Council to be briefed on last month's critical report by international auditors charged with ensuring the "transparent" operation of a fund set up after the Iraq war to receive oil revenue and frozen assets from Saddam Hussein's ousted regime.
The report by the International Advisory and Monitoring Board criticized the former U.S. administrators of Iraq and the current government for mismanagement, citing smuggling, inadequate spending records, insufficient control over Iraqi oil exports, and no competitive bidding for contracts worth at least $812 million.
At Friday's closed-door meeting, Jean-Pierre Halbwachs, the U.N. controller who represents the United Nations on the board, outlined its findings on the operation of the Development Fund for Iraq, which was controlled by the United States and Britain.
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