US military watchdog says army lost 420M dollars worth of equipment in Afghanistan

The US military watchdog says the army lost 420 million dollars worth of military equipment during its stint in Afghanistan.

According to ABC News, late last week the Department of Defense's Inspector General published the summary of an audit report it conducted for fiscal year 2013 and said that the 401st Army Field Support Brigade "did not report in a timely manner 15,600 pieces of missing equipment valued at approximately $419.5 million."

While the summary did not provide details about the kind of equipment that was lost, it stated that the issue to be concerned with was that the brigade did not consider the inventory lost.

The IG's summary further said that there is an "increased risk that missing property will not be recovered and no one was held financially responsible for the property losses or accountable for missed reporting deadlines."

The IG commended the Army's efforts, saying it "immediately acted" on the IG's recommendations to resolve inventory reporting and processing problems, the report said.