Cheney's Halliburton Returns Only Four Percent Of Overcharges To DoD

kpete

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Tue Jan-31-06 10:17 AM
Original message

Cheney's Halliburton Returns Only Four Percent Of Overcharges To DoD

IN BRIEF / IRAQ
KBR Makes Concession in Alleged Overcharges
From Times Wire Reports

Halliburton Co. subsidiary KBR has agreed to lop $9 million off sole-source contracts paid for by the U.S. government with Iraqi oil money after auditors questioned $208 million in possible overcharges, an international watchdog agency said.

The International Advisory and Monitoring Board said it only recently learned of the Dec. 22 settlement between the Pentagon and KBR.

The contracts were part of $1.4 billion in pacts awarded to KBR on a noncompetitive basis to procure supplies of fuel while Washington administered Iraq.

http://www.latimes.com/news/nationworld/world/la-fg-briefs31.3jan31,0,3132212.story?coll=la-headlines-world
via:http://www.tompaine.com/newsworthy/

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Zenlitened

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Tue Jan-31-06 10:56 AM
Response to Original message

1. "Steal a little and they throw you in jail...

... steal a lot and they make you a king."

-- B. Dylan

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