Halliburton cited: #10 billion were either excessive or undocumented

February 18, 2007
Halliburton cited: #10 billion were either excessive or undocumented

WASHINGTON -- A top Pentagon auditor told Congress on Thursday that $10 billion in defense contracts for Iraq reconstruction and troop support were either excessive or undocumented, including $2.7 billion for contracts held by Halliburton or one of its subsidiaries.

William Reed, director of the Defense Department's Defense Contract Audit Agency, told the House Oversight and Government Reform committee that his agency discovered the problems --$4.9 billion in "questioned" or overly expensive charges, and $5.1 billion in "unsupported" or undocumented expenses-- after auditing $57 billion in Pentagon contracts.