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Ministry of Defence 'lost track' of assets worth £6.3bn

MPs say an auditor's report which found the Ministry of Defence lost track of assets worth £6.3bn is "alarming".

The defence select committee said it was "worrying" that in its efforts to find out more information the MoD had just found more problems.

Defence Secretary Liam Fox said he had set out plans for clearer structures and financial responsibility.

Caroline Wyatt reports.

  • 05 Jul 2011
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