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Halliburton Questioned on $1.8 Billion Iraq Work -WSJ

Schweddy

Schweddy

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Source:Yahoo News

NEW YORK (Reuters) - Pentagon (news - web sites) auditors have concluded that Halliburton Co. failed to adequately account for more than $1.8 billion of work in Iraq (news - web sites) and Kuwait, the Wall Street Journal said on Wednesday, citing a Pentagon report.

The amount represents 43 percent of the $4.18 billion that Houston-based Halliburton's Kellogg Brown & Root unit has billed the Pentagon to feed and house troops in the region, the newspaper said.

It said the findings in the 60-page Pentagon audit report, dated Aug. 4 but not publicly released are likely to increase pressure on the U.S. government to withhold hundreds of millions of dollars of payments to Halliburton.
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