Private Contractors ‘Mismanaged’ $23 Billion in Iraq
Posted on Jun 11, 2008
A BBC investigation on U.S. war profiteering estimates that $23 billion of taxpayer funds has been “lost, stolen, or not properly accounted for in Iraq.” The figure, which uses U.S. and Iraqi government sources, is meeting resistance from the Bush administration, which pushed through a gag order in dozens of court cases involving the alleged mismanagement of funds by private contractors.
The BBC’s Panorama programme has used US and Iraqi government sources to research how much some private contractors have profited from the conflict and rebuilding.
A US gagging order is preventing discussion of the allegations.
The order applies to 70 court cases against some of the top US companies.
To date, no major US contractor faces trial for fraud or mismanagement in Iraq.
A sign on a California highway adopted by Halliburton is defaced.