Saturday, July 30, 2011

More On Waste And Fraud In Pentagon Contracts

Photo: Dod Buzz

Dubai Firm Overbilled Pentagon $900 for $7 Switch, Bowen Says -- Bloomberg

A U.S. contractor in Iraq overbilled the Pentagon by at least $4.4 million for spare parts and equipment, including $900 for an electronic control switch valued at $7.05, according to a new audit.

Based on the questionable costs identified in a $300 million contract with Dubai-based Anham LLC, the U.S. should review all its contracts with the company in Iraq and Afghanistan, which total about $3.9 billion, said Special Inspector General For Iraq Reconstruction Stuart Bowen.

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My Comment: For more on this horrid story of waste and fraud, read this.

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