Tuesday, March 15, 2005

Damn, I'm in the wrong business

Pentagon Audit Questions Halliburton's Costs in Iraq

Pentagon auditors found more than $100 million in questionable costs in one section of a massive, no-bid Halliburton Co. contract for delivering fuel to Iraq, according to a summary of their report released yesterday by congressional Democrats.

The audit faulted Halliburton subsidiary Kellogg Brown & Root Inc. for providing cost data that did not match its accounting records, and for failing to negotiate lower prices for fuel from a Kuwaiti supplier. The audit also described as "illogical" a case in which KBR reported it had purchased liquefied gas for $82,100, and then spent $27.5 million to transport it.


That must have been one hell of a truck.

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