$1.9 Billion of Iraq Funds Go to U.S. Contractors

CPA criticized for sloppy record keeping, violating its own rules.

Aug. 4, 2004
By Ariana Eunjung Cha
Washington Post

Halliburton Co. and other U.S. contractors are being paid at least $1.9 billion from Iraqi funds under an arrangement set by the U.S.-led occupation authority, according to a review of documents and interviews with government agencies, companies and auditors.

Most of the money is for two controversial deals that originally had been financed with money approved by the U.S. Congress, but later shifted to Iraqi funds that were governed by fewer restrictions and less rigorous oversight.

link to story here, john

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