Halliburton Reveals $6-Million Overcharge in Alleged Iraq Corruption 1/23/2004
Two Halliburton Co. employees in Iraq received kickbacks for allowing a Kuwaiti subcontractor to overbill more than $6 million on a contract to supply and service U.S. troops in Iraq, the company has told the Dept. of Defense. As a result of an internal audit, Houston-based Halliburton discovered the alleged corruption and notified DOD. The company will immediately cut a check to the government for $6.3 million, "just in case the overbilling charge bears out," said Halliburton in a statement. The unnamed employees have left the company, a spokeswoman says. The Kuwaiti subcontractor has not been identified.