IG: DoD Overpaid Jet Fuel Contracts by $200M

Friday, 18 Mar 2011 11:56 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The Pentagon overpaid as much as $200 million on a series of contracts to deliver jet fuel. An audit by the Defense Department’s inspector general found that a Florida oilman was paid “$160 [million] to $204 million more for fuel than could be supported by price or cost analysis,” The Washington Post reported.

ig, pentagon, overpay, jet, fuelThe study also found three of the contracts awarded to Florida businessman Harry Sargeant III were awarded under conditions that cut out other bidders. The military contracts involved totaled some $2.7 billion, the Post said.

An earlier congressional probe, led by Rep. Harry Waxman, D-Calif., alleged the businessman used a relationship with Jordan’s royal family to get exclusive rights to supply U.S. bases in Iraq.

In a statement, Waxman said, the audit “confirmed what we found in 2008: the International Oil Trading Company overcharged by hundreds of millions of dollars while the Bush administration looked the other way,” the Post reported.

An attorney for Sargeant said in an interview last year that the House investigation was motivated by politics and that his client had done nothing wrong. Ron Uscher said that a “guy like Harry Sargeant has a lot of targets on his chest. He’s a rich guy, an oil guy, and he is bidding on war contracts,” the Post said.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Teacher Tried to Stop Washington State Shooting

Saturday, 25 Oct 2014 15:56 PM

A union official says a newly hired high school teacher confronted a gunman during a deadly shooting at a Washington sta . . .

Ebola Airport Order Opens Cuomo-de Blasio Rift

Saturday, 25 Oct 2014 15:20 PM

A decision by New York Gov. Andrew Cuomo and New Jersey Gov. Chris Christie to subject medical personnel to a 21-day qua . . .

Early Voting Alters Campaigns' Strategies, Costs

Saturday, 25 Oct 2014 14:35 PM

For over 1 million Californians, the Nov. 4 election is over. That's because they've already voted. A growing throng of  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved