Halliburton says don't be surprised if audit in offing

[UpInArms]

http://www.chron.com/cs/CDA/ssistory.mpl/business/2439554

WASHINGTON — The Pentagon is likely to begin a formal audit to examine possible deficiencies in Halliburton Co.'s procurement procedures in Iraq and Kuwait.

The Defense Contract Audit Agency recently issued a deficiency report related to logistics contracts and is expected to launch a formal probe in the near future, Houston-based Halliburton said in a filing Monday with the Securities and Exchange Commission.

Halliburton subsidiary KBR, formerly known as Kellogg Brown & Root, provides services for the military.

<snip>

Halliburton's contracts with the U.S. government, both to provide logistical support and to repair Iraq's oil infrastructure, are a major component of the company's business, accounting for $4.2 billion, or 26 percent, of the company's revenues in 2003. (emphasis mine)

...more...

[acmavm]

1. The only surprise here is that somebody is questioning their honesty.

That they should be audited in NO SURPRISE at all.

[dbt]

2. A Smokescreen.

More misdirection. Halliburton gets investigated for something relatively small, gets a slap on the tentacle, pays a few million bucks, then goes right back to gobbling up billions in the War For Profit.

Business as usual. Move along, please.

:freak:
dbt

"A formal probe in the near future," my shiny metal ass!