Is Halliburton forgiven and forgotten for war profiteering?
source: http://www.huffingtonpost.com/pratap-chatterjee/is-halliburton-forgiven-a_b_210326.html
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In September 2004, Lesar announced that Halliburton was considering spinning off KBR as a separate company, in part he claimed because it was bearing the brunt of a "vicious campaign" of political attacks and its employees didn't "deserve to have their jobs threatened for political gain." It took three years, but in April 2007 the spin-off of KBR was completed. It is now officially on its own, and the results for both companies seem little short of miraculous. No protesters even attended the three annual shareholder meetings that KBR has since held, though its activities in the war zones have hardly changed, and only five made it to Halliburton's in 2008. This year, of course, the protesting larder was bare.
In reality, Halliburton's decision to spin the company off was surely tied to hopes that it might indeed escape a number of pending Iraq investigations and lawsuits, as well as tamp down the bad publicity KBR was generating. Still, those investigations are ongoing. At Fort Belvoir, Virginia, the headquarters of the Defense Contract Audit Agency (DCAA), the office in charge of reviewing the Pentagon's payments to KBR, a small group of investigators continue to pursue that company's failures.
In early May, at a hearing on Capitol Hill, DCAA director April G. Stephenson told the independent, bipartisan, congressionally-mandated Commission on Wartime Contracting in Iraq and Afghanistan that, since 2004, her staff had sent 32 cases of suspected over-billing, bribery, and other possible violations of the law to the Pentagon inspector general. The "vast majority" of these cases, she testified, were linked to KBR, which accounts for a staggering 43% of the dollars the Pentagon has spent in Iraq. "I don't think we're aware of a program, contract, or contractor that has had this number of suspensions or referrals," she told the hearing. (In the allied area of overpricing services, DCAA also recommended $4.3 billion worth of reductions to proposed or billed costs and pointed to another $3.3 billion worth of costs under the KBR contract that they believed were simply not supported.)
In reality, Halliburton's decision to spin the company off was surely tied to hopes that it might indeed escape a number of pending Iraq investigations and lawsuits, as well as tamp down the bad publicity KBR was generating. Still, those investigations are ongoing. At Fort Belvoir, Virginia, the headquarters of the Defense Contract Audit Agency (DCAA), the office in charge of reviewing the Pentagon's payments to KBR, a small group of investigators continue to pursue that company's failures.
In early May, at a hearing on Capitol Hill, DCAA director April G. Stephenson told the independent, bipartisan, congressionally-mandated Commission on Wartime Contracting in Iraq and Afghanistan that, since 2004, her staff had sent 32 cases of suspected over-billing, bribery, and other possible violations of the law to the Pentagon inspector general. The "vast majority" of these cases, she testified, were linked to KBR, which accounts for a staggering 43% of the dollars the Pentagon has spent in Iraq. "I don't think we're aware of a program, contract, or contractor that has had this number of suspensions or referrals," she told the hearing. (In the allied area of overpricing services, DCAA also recommended $4.3 billion worth of reductions to proposed or billed costs and pointed to another $3.3 billion worth of costs under the KBR contract that they believed were simply not supported.)
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wayseeker
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I'm glad the lawsuits are continuing. They received their contracts via Cheney with no bids. Think of the millions or billions they made by extinguishing the oil fires Sadam set.
- 2 years ago
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wayseeker
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WakeUpPeople
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Let's not forget who got rich while our troops paid the ultimate price.
- 2 years ago
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WakeUpPeople
