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The DoJ is suing KBR (KBR +1.7%) and a Kuwaiti subcontractor for false claims on $120M in...

  • Monday, November 19, 2012, 3:09 PM ET
    The DoJ is suing KBR (KBR +1.7%) and a Kuwaiti subcontractor for false claims on $120M in contracts awarded to house American troops in Iraq. In its complaint, the government alleges that KBR agreed to pay a 60% surcharge to First Kuwaiti despite being aware that the company had inflated its crane and truck costs, among other items, and misrepresented the cause of its delays, then knowingly passed the cost on to the government.
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This news story has 4 comments:

  •  
    in rico, if you put the guy who signed for the kit in the jail, he or she tends to be a little more forthcoming about cell members.
    19 Nov 2012, 03:12 PM Reply Like
  •  
    When haven't KBR & HAL been totally corrupt and stealing billions from taxpayers? It has been a never ending saga with them for many many years.
    19 Nov 2012, 03:23 PM Reply Like
  •  
    Dick Cheney was rabidly in favor of invading Iraq, viciously squashing all dissent and contrary evidence. He was previously CEO of HAL, which then owned KBR.

    But I'm sure it's all just coincidence.
    19 Nov 2012, 03:25 PM Reply Like
  •  
    1. KBR was at the time 2003 of course owned by Halliburton.
    2. Halliburton's CEO had been Richard Cheney.
    3. Mr. Cheney at the time 2003 was Vice President of the United States.
    4. Cheney and George Bush intitated massive privitazation of services such as KBR in Iraq.
    5. Did Cheney and Bush benefit personally from the KBR/Halliburton contracts.
    6. Did they use their influence to cause the government DOD contrcts to be let to KBR/Halliburton?

    7. Unfortunately, we will never know: the statuate of limitations has run out.
    19 Nov 2012, 03:42 PM Reply Like
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