Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: PhilipFreneau
NBC Nightly News just did a hit piece on Halliburton, alleging accounting discrepancies. There is absolutely no proof -- only allegations.

didn't see it....................

What were the allegations?
11 posted on 10/30/2006 4:03:48 PM PST by WhiteGuy (DeWine ranked as one of the ten worst border security politicians - Human Events)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: WhiteGuy

The following is from the hit piece by Lisa Myers:

". . . Another report finding that less than half the budget for some reconstruction projects actually went to rebuild the country.

Where did most of it go? Some for security, but even more to house, feed and pay contractors while they did nothing for months. Some were in Iraq as long as nine months before significant work on projects began.

"This was a waste of money because the contractors were ordered to go to Iraq to work, but they weren't working," says Stewart Bowen, Iraq Reconstruction Special Inspector General.

Who's to blame? Investigators mostly blame the government's poor planning. But they also single out a Halliburton subsidiary — KBR.

In this 2004 letter obtained by NBC News, a U.S. official criticizes KBR for "accruing exhorbitant indirect costs at a rapid rate" and for failing to provide adequate cost information.

Government watchdogs now say Halliburton actually tried to hide data from auditors. "I believe that KBR was attempting to impede the scope of our oversight," Bowen says.

Halliburton denies doing anything improper and says it has restricted access to such data for years. But a U.S. official was sufficiently angry, that at one point, he threatened to cancel Halliburton's contract if it didn't provide information to justify costs."



17 posted on 10/30/2006 4:15:41 PM PST by PhilipFreneau ( Don't be a sucker for the MSM smear campaign. Vote GOP!)
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson