Friday, October 22, 2004

Halliburton: Get it while you can! 

Auditor, schmauditor!

NEW YORK (Reuters) - The U.S. Army is laying the groundwork to let Halliburton Co. keep several billion dollars paid for work in Iraq that Pentagon auditors say is questionable or unsupported by proper documentation, the Wall Street Journal reported on Friday.

According to Pentagon documents reviewed by the Journal, the Army has acknowledged that the Houston-based company might never be able to account properly for some of its work, which has been probed amid accusations that Halliburton's Kellogg Brown & Root unit overbilled the government for some operations in Iraq.

The company has hired a consulting firm to estimate what Halliburton's services should cost, the report said.

The Journal also cited Pentagon records showing that $650 million in Halliburton billings are deemed questionable. An additional $2 billion is considered to have insufficient paperwork to justify the billing, the report said.
(via Reuters)

Wow! The Army's going to let Halliburton just pick a number! What could be more fair than that?

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