Report: $1.2 Billion Missing From Ukraine Arms Deals

New audits reveal that over a billion dollars meant for weapons were lost to fraud and waste, with some corrupt companies still receiving new government contracts.

A new investigation has found a big problem in Ukraine. About $1.2 billion meant for buying weapons was lost to corruption and waste in just one year. Secret government audits show that money often went to companies that did not deliver the weapons they promised. In some cases, the military paid far too much for supplies. In others, they paid for things that never arrived at all. Even though these problems were caught, the government kept giving deals to some of the same companies. This means the fraud was not just a one-time mistake. It was a pattern that kept happening while the country …