Profiting from the Iraq War
By Adel Safty, Special to Gulf News
Published: July 14, 2008, 00:08
Recently unsealed US court records shed light on the inner world of war profiteers. According to the Chicago Tribune, the records show how bribery and kickbacks played a role in securing Iraq war contracts for serving the US military even before the war started.
Four former supervisors from Kellogg Brown & Root (KBR), the defence firm that secured some of the largest contracts, a US Army officer, and five KBR executives, were among 36 people "indicted to date on Iraq war-contract crimes".
An investigation by the Boston Globe revealed that the leading American war contractor for Iraq - KBR, until recently a subsidy of Halliburton Corporation -had avoided paying hundreds of millions of dollars in taxes, by hiring workers through shell companies in the Cayman Islands. These revelations come on the wake of other revelations about those who are profiting from the Iraq war.
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Published: July 14, 2008, 00:08
Recently unsealed US court records shed light on the inner world of war profiteers. According to the Chicago Tribune, the records show how bribery and kickbacks played a role in securing Iraq war contracts for serving the US military even before the war started.
Four former supervisors from Kellogg Brown & Root (KBR), the defence firm that secured some of the largest contracts, a US Army officer, and five KBR executives, were among 36 people "indicted to date on Iraq war-contract crimes".
An investigation by the Boston Globe revealed that the leading American war contractor for Iraq - KBR, until recently a subsidy of Halliburton Corporation -had avoided paying hundreds of millions of dollars in taxes, by hiring workers through shell companies in the Cayman Islands. These revelations come on the wake of other revelations about those who are profiting from the Iraq war.
--MORE--