Tuesday, February 01, 2005

No Honor Among Thieves

One US company is accused of massively inflating its profits by setting up sham companies to send fake invoices which the coalition paid.

What a surprise. Cash is missing in Iraq. Billions of dollars have gone to Halliburton, Bechtel and other corporations to "reconstruct" Iraq. Needless to say, Iraq is still a mess and as late as last week Baghdad had no running water. The BBC has part of the story, the Australian has more details of theft.