Bechtel Takes a Hit for War Profiteering...

[bridgit]

A comprehensive U.S. government audit of a Bechtel project in Iraq has exposed gross mismanagement by the company. As a result, the $50 million contract has been canceled.

As the auditors plan to expand their investigations to all of Bechtel's $2.85 billion in Iraq contracts, they are sure to discover a pattern of failure. Not only should Bechtel be dropped from all of its failing contracts, but the company should be required to refund all misspent U.S. taxpayer and Iraqi funds so that Iraqi contractors can get to work and real reconstruction can finally begin.

But time is running out.

On Sept. 30, 2006, all unobligated money for reconstruction in Iraq reverts back to the U.S. Treasury. This means that unless action is taken now to ensure that this money goes to Iraqis, U.S. corporations will keep their billions, while Iraqis are left with failed projects and little money to recover.

http://democracyrising.us/content/view/534/164/

[elehhhhna]

1. Of course. Bechtel is HAL/KBR's biggest competitor.

[bridgit]

2. yup, they're right up there alright...

[sallyseven]

3. Just remember that Bechtel was the manager

of the Big Dig in Boston. They were the ones that cost the overruns and the sloppy workman ship. Privatize the work they say. Screw them the business comunity are a bunch of crooks and liers.

[bridgit]

5. hubby used to work for the Parsons Co, who are up there & in there...

somewhere in the scheme of these things, mentions having worked with Bechtel folk; nice people yada-yada...but the projects are so large that it is very easy to shave millions in or out of the contract, the picture

[sallyseven]

4. Just remember that Bechtel was the manager

of the Big Dig in Boston. They were the ones that cost the overruns and the sloppy workman ship. Privatize the work they say. Screw them the business comunity are a bunch of crooks and liers.

[gratuitous]

6. Let's see . . . $2.85 billion paid, $50 million fine

I may not be the sharpest knife in the math drawer, but even I can see that's a nice chunk of change paid out for "gross mismanagement." I smell a Medal of Freedom party!

[bridgit]

7. sure, it's chump change for those guys...