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Saturday, February 12, 2005 |
ICH: "The main companies that were awarded billions of dollars worth of contracts in Iraq have paid more than $300 million in fines since 2000, to resolve allegations of fraud, bid rigging, delivery of faulty military equipment, and environmental damage.
For example, according to a review of documents conducted by the Associated Press, American tax payers are paying more than $780 million to one British firm that was convicted of fraud on 3 separate federal construction projects and was banned from US government work as recent as 2002.
A company in Virginia that was convicted of bid rigging on Federally funded projects has also been awarded hundreds of millions of dollars worth of contracts in Iraq, and a 3rd company, found guilty of bid rigging and environmental violations, was approved as a subcontractor to clean up an Iraqi harbor.
Seven other companies with reconstruction contracts have agreed to pay large fines without admitting wrongdoing. All total, these 10 companies have paid fines to resolve 30 violations in the past four years and 6 were fined more than once. Yet these same companies have been awarded reconstruction contracts in Iraq worth more than $7 billion."
12:44:22 PM 
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