Sunday, September 24, 2006

Army Corps Faked Budget Entries--Covering Bechtel's Butt

"The audit marks the second time in recent months that a government agency has been charged with accounting improprieties.

"The U.S. Agency for International Development was accused in June of resorting to accounting tricks in an effort to hide the spiraling costs of a children's hospital in Iraq, a project that received special backing from First Lady Laura Bush.

"San Francisco-based Bechtel, the chief contractor, was removed from the project after the inspector general determined that the cost to finish the hospital had soared from $50 million to almost $170 million.

"U.S. officials now hope to have an Iraqi company finish the work.

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