Pentagon overpaid Oilman by up to $200 million

Harry Sargeant III, a well-connected Florida businessman and once-prominent Republican donor, first faced scrutiny over his defense work in October 2008, when he was accused in a congressional probe of using his close relationship with Jordan’s royal family to secure exclusive rights over supply routes to U.S. bases in western Iraq.

Rep. Henry A. Waxman (D-Calif.), who led the probe, … said in a statement Thursday that the report 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.  Waxman called on Sargeant to repay the Pentagon. 

 

http://www.washingtonpost.com/politics/pentagon-overpaid-oilman-millions-audit-finds/2011/03/17/ABQ6VFn_story.html

 

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