under the "who cares its only taxpayer money"
July 27, 2004, 11:47PM
Millions in U.S. property lost in Iraq, report says
Halliburton claims figures only 'projections'
Halliburton Co. has lost $18.6 million of government property in Iraq, about a third of the items it was given to manage, including trucks, computers and office furniture, government auditors claim.
The auditors couldn't account for 6,975 of 20,531 items on the ledgers of Halliburton's KBR unit, according to a report by Stuart Bowen, auditor for the coalition provisional authority inspector general.
Halliburton is providing services to U.S. troops under a contract that has generated $3.2 billion in revenue so far.
"This occurred because KBR did not effectively manage government property," Bowen wrote. "As a result, we projected that KBR could not account for 6,975 property items from an inventory of 20,531 valued at $61.1 million."