Cheney and Halliburton Hold Title - Top Earners In Iraq
by Evelyn Pringle
(Friday March 31 2006)
"If Cheney is to be believed, the conspiracy to pick on Halliburton is a global effort because as of July 2004, the French, British, Nigerian and US governments were all investigating Halliburton's activities while Cheney was CEO, for paying over $180 million in bribes to Nigerian officials in exchange for a $6 billion contract to build a natural gas plant in Nigeria."
There has never been an investigation into Cheney's involvement in awarding Halliburton no-bid contracts making the company the number one war profiteerer in Iraq. Apparently people have forgotten about the March 5, 2003 e-mail between the Army Corps of Engineers and a Pentagon employee that stated the contract "has been coordinated w VP's office."
People also seem to have forgotten that Cheney continues to own stock in Halliburton. Stock that has risen in leaps and bounds since its former CEO moved into the White House and developed the most prolific war profiteering scheme of all time.
A study released in June 2005, originating from the Defense Contract Audit Agency (DCAA), revealed that overall, Halliburton had received roughly 52% of the $25.4 billion that has been paid out to private contractors since the war in Iraq began.
Halliburton was the top profiteer when it came to funds belonging to the citizens of Iraq as well. A March 18, 2004 audit report by the Department of Defense Office of the Inspector General, titled, "Acquisition: Contracts Awarded by the Coalition Provisional Authority by the Defense Contracting Command-Washington," determined that the CPA and its predecessor, the Office for Reconstruction and Humanitarian Assistance, had circumvented federal contracting procedures since the early days of the occupation.
The audit found that federal procurement rules were not followed in 22 of 24 contracts awarded by the Defense Contracting Command and that defense department personnel conducted "inadequate surveillance" on more than half of the contracts; did not "perform or support price reasonableness determinations;" and allowed activity that was "out-of-scope" of the original contracts.
An analysis of the data released in August 2004, showed the CPA had awarded 85% of the contracts to US and UK firms and that Iraqi companies received a mere 2% of the contracts paid for with Iraqi funds. Halliburton received 60% of all contracts paid for with Iraqi money. |
