This could be big...Justice dept called in

Discussion in 'Current Events' started by jon_forward, Mar 11, 2004.

  1. jon_forward
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    jon_forward Active Member

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    only time will tell

    Pentagon asks Justice Department to join Halliburton probe: defense official
    Thu Mar 11, 2:18 PM ET Add U.S. National - AFP to My Yahoo!



    WASHINGTON (AFP) - The Pentagon (news - web sites) has asked the Justice Department (news - web sites) to join in an investigation of alleged overcharging by US energy and services group Halliburton, a senior US defense official confirmed.


    The official, who spoke on condition of anonymity, said the Pentagon's inspector general decided in recent weeks to bring the Justice Department into the investigation because it had reached a point where additional investigative tools were required.


    "At a certain point in an investigation, the IG brings in the Justice Department," the official said, saying it was a "fairly routine aspect of these kinds of investigations."


    The Pentagon, which lacks the power to indict and press criminal charges, launched a probe in January into allegations Halliburton subsidiary Kellogg Brown and Root (KBR) had overcharged the military for fuel delivered to Iraq (news - web sites) by 61 million dollars.


    The defense official said investigators were looking into how KBR's subcontractor, a Kuwaiti firm called Altanmia, was selected and whether the proper procedures were followed.


    The Wall Street Journal, which first reported the development, quoted a Justice Department official as saying it was "significant."


    The paper said a Justice Department investigation could lead to criminal fraud charges and penalties against the Texas-based company once headed by Vice President Dick Cheney (news - web sites).


    The US Congress was notified Wednesday of the Pentagon's decision to widen the Halliburton investigation, the daily said.


    An unnamed justice official told The Wall Street Journal that the department might inquire whether Halliburton violated the federal Claims Act, by which a company found guilty of defrauding the government can be made to repay as much as three times the amount of the fraud.


    The embattled oil services firm on Tuesday issued a statement claiming that its liquidity could be hurt if US government agencies require a further review of its work in Iraq.


    During 2003, Iraq-related work provided 3.6 billion dollars in revenues for Halliburton and 85 million in operating profits, the statement said. But the company said it could face a crunch if its billing practices face more review.


    "As a result of an increase in the level of work performed in Iraq or the Defense Contract Audit Agency's review of additional aspects of our services performed in Iraq, it is possible that we may, or may be required to, withhold additional invoicing or make refunds to our customer, some of which could be substantial, until these matters are resolved," it said.


    "This could materially and adversely affect our liquidity."

    If guilt is proven, pay up! although I have a hard time fathoming that a company such as this one would risk all and noot get caught sooner or later.
     
  2. Moi
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    Moi Active Member

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    What I don't understand is with this investigation, the recent suits against Martha Stewart, the indictment of Enron, Tyco and other officials- how can democrats even think of saying that Bush is soft on white collar crime???

    He's the first president that I know of to enact strict penalties for the tampering with books, campaign fianance reform passed under his watch and these people are going to jail!

    Seems to me he's being a great defender of the laws of this country- the major actual job he's here for.
     
  3. William Joyce
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    William Joyce Chemotherapy for PC

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    I'm sure Cheney is quakin' in his cowboy boots.
     
  4. acludem
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    acludem VIP Member

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    The Bush administration covered for these companies until politics simply would no longer allow it. Ken Lay still hasn't been and as long as Bush is president won't be charged for what Enron did. Ken Lay was one of the largest single donors to the Bush/Cheney campaign in 2000 and is a long time friend and patron of the Bush family. Halliburton, of course, is Dick Cheney's old company. They have been given no-bid contracts and favored treatment for contracts in Iraq. Bush and Cheney would quash this investigation if it wasn't an election year.

    acludem
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Sighs you people dont get it do you?

    Lay hasnt been prosecuted because they are still making a case against him. When they have he will go down and down hard.

    If Bush and Cheney were worried about Haliburton they WOULD be stopping the investigation. Especially during an election year! The whole reason the investigation is going on is because they are confident there is nothing there to find.
     
  6. jimnyc
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    jimnyc ...

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    Proof?
     

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