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Company accused of stonewalling { December 19 2003 }

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   http://money.cnn.com/2003/12/19/news/companies/halliburton.reut/

http://money.cnn.com/2003/12/19/news/companies/halliburton.reut/

Halliburton accused of stonewalling
Report: Pentagon accuses Cheney's former firm of withholding documents on possible overcharging.
December 19, 2003: 6:45 AM EST

NEW YORK (Reuters) - The Pentagon has accused Vice President Dick Cheney's former firm, Halliburton Co., of refusing to turn over internal documents that show the company knowingly overcharged taxpayers $61 million for work in Iraq, a published report said Friday.


The Wall Street Journal reported that the dispute over the documents is outlined in a Dec. 10 letter from the Defense Contract Audit Agency to a top official at Kellogg Brown & Root, the Halliburton unit handling more than $5 billion of work in Iraq.

"It has come to my attention that DCAA has been denied access to and/or copies of internal audit documents and reports performed on KBR operations," the newspaper quoted the letter as saying.

The letter was sent by Francis Summers Jr., a regional DCAA director in Texas, to Al Neffgen, KBR's chief operations officer.

Company officials were not immediately available for comment.

Shares of Halliburton (HAL: Research, Estimates) gained $1.52, or almost 6 percent, to $27.12 in New York Stock Exchange trading Thursday.


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Copyright 2003 Reuters All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


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