Halliburton loses $1.5 million in US property

[seemslikeadream]

October 29, 2004 - 8:00AM

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It's not just missing explosives that have US military officials searching high and low in Iraq. They're also trying to figure out how the giant reconstruction contractor Halliburton misplaced millions of dollars in government trucks, generators, computers and, strangely, a port-a-potty.

In a report released today on the management of US property, the inspector-general for the now-defunct Coalition Provisional Authority estimated that at least $US1.1 million ($A1.48 million) in government property entrusted to Halliburton was lost or unaccounted for in the staging area of Kuwait. About 43 per cent of the inventory items that auditors looked for appeared lost.

The findings come after a July report concluded that the contractor couldn't account for $US18.6 million ($A25.03 million) in US property it was responsible for in Baghdad.

"You've got to try really hard" to lose some of the items, said Keith Ashdown, vice-president of the fiscal watchdog group Taxpayers for Common Sense. "It gives new meaning to government waste or new meaning to flushing taxpayers' money down a toilet."

In the latest report, auditors listed 30 items they couldn't find in Kuwait that Halliburton's subsidiary, Kellogg Brown & Root, was supposed to safeguard.

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http://www.smh.com.au/articles/2004/10/29/1098992267375.html?oneclick=true

[camero]

1. They know where these things are

Sold more than likely. Under the table.

[aquart]

2. Privatization: a concept whose time has gone.

[maddezmom]

3. so not aonly do they rip off the US taxpayer, but they lose the stuff

we bought??!?!? :eyes:

[olddad56]

4. When they are wasting BILLIONS, what is a few million?

How many millions in $200 Billion? As far as I'm concerned, they can't morally or ethically account for any of it.