Wednesday, November 29, 2006

Halliburton Fined

Halliburton Unit to Pay $8 Million for Overbilling - washingtonpost.com: "Halliburton Unit to Pay $8 Million for Overbilling
KBR Settlement Ends Kosovo Case

By Griff Witte
Washington Post Staff Writer
Thursday, November 30, 2006; Page A09

A Halliburton subsidiary agreed to pay the government $8 million to resolve accusations of overbilling related to the firm's work for the Army in the Balkans, the Justice Department said yesterday.

The allegations against KBR, formerly known as Kellogg Brown & Root, stemmed from orders placed with 10 foreign subcontractors that were working for KBR on military logistics support in 1999 and 2000. The accusations, made under the federal False Claims Act, included double-billing, inflating prices and providing products that didn't fit the Army's needs during the construction of Camp Bondsteel in Kosovo..."

2 comments:

Anonymous said...

i wonder how much haliburton budgeted the fines to be?

Bob said...

I'm sure there'll be a cost overrun and the tax payer will end up with that tab, too.