blueturk
03-15-2005, 12:20 PM
You gotta say one thing for Uncle Dick's buddies - they sure as hell know how to turn a profit!
Posted on Tue, Mar. 15, 2005
Pentagon audit finds `illogical' charges
WASHINGTON - Pentagon auditors said Halliburton Corp. might have overcharged by more than $100 million on a contract to deliver fuel to Iraq in the early days of the war, according to a report released Monday. Among other items, the Pentagon's Defense Contract Audit Agency said Halliburton charged $27.5 million to deliver $82,100 worth of liquefied petroleum gas, calling it "illogical."
The report also faulted Halliburton as having misled auditors, poorly managing multimillion-dollar subcontracts, and failing to deliver key documents to justify the prices paid for fuel.
The Pentagon audit report, dated October 2004, is the most detailed yet to suggest that Halliburton might have overcharged the U.S. government on its $2.5 billion contract to supply fuel and protect Iraq's oil infrastructure. An earlier draft audit of the same contract turned up $61 million in questionable charges. -- LOS ANGELES TIMES
.com/mld/observer/news/11138097.htm (http://www.charlotte.com/mld/observer/news/11138097.htm)
Posted on Tue, Mar. 15, 2005
Pentagon audit finds `illogical' charges
WASHINGTON - Pentagon auditors said Halliburton Corp. might have overcharged by more than $100 million on a contract to deliver fuel to Iraq in the early days of the war, according to a report released Monday. Among other items, the Pentagon's Defense Contract Audit Agency said Halliburton charged $27.5 million to deliver $82,100 worth of liquefied petroleum gas, calling it "illogical."
The report also faulted Halliburton as having misled auditors, poorly managing multimillion-dollar subcontracts, and failing to deliver key documents to justify the prices paid for fuel.
The Pentagon audit report, dated October 2004, is the most detailed yet to suggest that Halliburton might have overcharged the U.S. government on its $2.5 billion contract to supply fuel and protect Iraq's oil infrastructure. An earlier draft audit of the same contract turned up $61 million in questionable charges. -- LOS ANGELES TIMES
.com/mld/observer/news/11138097.htm (http://www.charlotte.com/mld/observer/news/11138097.htm)