Bush had wanted to make Iraq as an exemplary Middle East state. He has. "British officials are seriously concerned about the level of corruption in the Iraqi defence ministry, after the embezzlement of vast amounts of money earmarked for the country's security forces. Officials from the British Ministry of Defence had already warned US and Iraqi authorities against the squandering of money - and have been proved right, on a catastrophic scale. A report compiled by the Iraqi Board of Supreme Audit has concluded that at least half, and probably more, of $1.27bn (£700m) of Iraqi money spent on military procurement has disappeared into a miasma of kickbacks and vanished middlemen - or else has been spent on useless equipment."