A Christian charity has accused the coalition authority in Iraq of failing to account for up to $20bn
(nearly £11bn) of oil revenues which should have been spent on relief and reconstruction projects.

Christian Aid, in a report today, claims that the [BFEE], which hands over power to
an interim administration in Iraq this week, is in flagrant breach of the UN security
council resolution which gave it control of the country's oil revenues.

Resolution 1483, passed in May 2003, stated that the money should be spent in the interests
of the Iraqi people and independently audited, but an auditor was appointed only in April.

Last October, Christian Aid revealed that $4bn of oil revenues were unaccounted for, but although
procedures have been tightened up, the charity said, "we still do not know exactly how Iraq's money
has been earned, which companies have won the contracts that it has been spent on, or whether this
spending was in the interests of the Iraqi people."

http://www.guardian.co.uk/print/0,3858,4957988-103681,00.html