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Republican senators who have mauled the United Nations in its handling Iraqi oil revenues went strangely quiet over the news that the Coalition Provisional Authority saw $8.8 billion go absent without leave in just 14 months. It is 55,000 times as much as Mr Sevan is alleged to have been paid.
Read MoreThe Balkans Web site has articles and commentary by about 50 journalists who are said to have be paid by European Command through a private contractor, Anteon Corp., an information technology company based in Fairfax.
Read MoreThe U.S. Army has decided not to withold payment on disputed bills involving billions of dollars for Iraq contract work after Halliburton threatened that delays in payment could lead to an interruption of crucial support services to the U.S. military.
Read MoreThe $4 Billion difference in what Halliburton says it will cost to provide food, housing and other services for U.S. troops this year dramatizes the cost crunch that is well beyond initial White House estimates.
Read MoreThe Coalition Provisional Authority may have paid salaries for thousands of nonexistent employees in Iraqi ministries, issued unauthorized multimillion-dollar contracts and provided little oversight of spending in possibly corrupt ministries, according to the report by Stuart W. Bowen Jr., the special inspector general for Iraq reconstruction.
Read MoreThe U.S.-led authority that governed Iraq after the 2003 invasion did not properly safeguard $8.8 billion of Iraq's own money and this lack of oversight opened up these funds to corruption, said a U.S. audit.
Read MoreAt least 232 civilians have been killed while working on U.S.-funded contracts in Iraq and the death toll is rising rapidly, according to a U.S. government audit sent to Congress. n addition, 728 claims were filed for employees who missed more than four days of work. Several hundred more were reported from neighboring Kuwait where companies working in Iraq have logistics and support operations.
Read MoreIf Sunday's election triggers a civil war between Sunni and Shiite Iraqis, reconstruction may grind to a halt. If, however, the election gives the country's government greater legitimacy among ever-skeptical Iraqis, it could make the work of companies far easier.
Read MoreRiggs Bank pleaded guilty to helping former Chilean dictator Augusto Pinochet and the leaders of oil- rich Equatorial Guinea hide hundreds of millions of dollars. The federal judge questioned whether a $16 million fine agreed to by prosecutors was enough.
Read MoreHalliburton Co., the world's second- biggest oilfield services company, became the sixth-largest U.S. military contractor last year on the strength of its work to help rebuild Iraq and care for U.S. troops, the Pentagon said.
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