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- Name of exposè: Daylight Robbery
- Program: Panorama
- Host: Jane Corbin
- Date first aired: June 10, 2008
- Amount believed to have been lost: $23 billion
- Major contractor named in report: Halliburton
- Former Iraqi Minister of Defense believed to have stolen over $1 billion
- U.S. Justice Department investigating allegations
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The 2008 BBC News investigative exposè Daylight Robbery, examined the theft, loss, or improper accounting of up to $23 billion in Iraq. Most of this money, the BBC discovered, went to military contractors such as Halliburton who inflated their costs by as much as two times, or Iraqi governmental officials who pocketed funds that were supposed to go towards pacifying the country.
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Contractor Waste, Fraud, and Abuse
In the program, the BBC investigated two major sources of waste and theft: U.S. military contractors and corrupt Iraqi officials. The program examines the extent to which contractors such as Halliburton habitually inflated costs, in large part because they were the only company to bid on many of the contracts offered by the United States government. While the U.S. Justice Department is investigating allegations of fraud against the contractors, a gag order has been put in place by the Bush Administration to prevent discussion of the ongoing probe. -
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BBC Lost Iraq Billions Questions
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Chrysler agreed to accept $2 billion in cash for $6.8 billion in secure debt. How does this work? 1 AnswerThis site has the details of the chrysler issue. Hope this Helps! http://www.reuters.com/article/marketsNews/idCAN3032316420090430?rpc=44 read more -
Would a stable democratic Iraq government funnel money to Hamas and Hezbollah? 3 AnswersThey COULD do it, there is nothing to prevent any "stable democratic government" to spend their money as they please. The US, for one, has a long history of "fu... read more
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Daylight Robbery Documentary
- Google Video: Daylight Robbery (Time 58:00)
