Halliburton Admitted Faulty Iraq Costs

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http://story.news.yahoo.com/news?tmpl=story&u=/ap/20040312/ap_on_go_ca_st_pe/halliburton_iraq&cid=542&ncid=1473

WASHINGTON - Pentagon (news - web sites) auditors found a Halliburton Co. subsidiary gave faulty cost estimates on a $2.7 billion contract to serve American troops in Iraq (news - web sites) and Kuwait, and company officials acknowledged making mistakes, Defense Department documents show. snip

William R. Walter, a manager for Halliburton subsidiary KBR, wrote to the DCAA Dec. 4 to acknowledge the company did not give current, accurate and complete cost data in its Oct. 7 spending proposal.


"There are many excuses and reasons available — but — in the end, KBR did not include the most current data in our proposal," Walter wrote.


The pricing issue is just one of several problems with Halliburton contracts in Iraq. Both the Pentagon and Justice Department have launched criminal investigations of the company, formerly headed by Vice President Dick Cheney.

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[fearnobush]

1. I think we need to present some evidence that Chaney falls in

the category of "Benedict Arnold CEO's."