Start-up Company With ConnectionsU.S. gives $400M in work to contractor with ties to Pentagon favorite on Iraqi Governing Councilby Knut Royce
Washington - U.S. authorities in Iraq have awarded more than $400 million in contracts to a start-up company that has extensive family and, according to court documents, business ties to Ahmed Chalabi, the Pentagon favorite on the Iraqi Governing Council.
The most recent contract, for $327 million to supply equipment for the Iraqi Armed Forces, was awarded last month and drew an immediate challenge from a losing contester, who said the winning bid was so low that it questions the "credibility" of that bid.
But it is an $80-million contract, awarded by the Coalition Provisional Authority last summer to provide security for Iraq's vital oil infrastructure, that has become a controversial lightning rod within the Iraqi Provisional Government and the security industry.
Soon after this security contract was issued, the company started recruiting many of its guards from the ranks of Chalabi's former militia, the Iraqi Free Forces, raising allegations from other Iraqi officials that he was creating a private army.
more http://www.newsday.com/news/nationworld/nation/ny-uschal083671397feb15,0,735950.storyAs the story reminds us...this guy was the same one that embezzled millions from Kuwaitii bank (Petra) largely from the reparations cash Iraq had to pay to Kuwait after Gulf One...
It could be the whole thing is a 'scam' of massive proportions