VA Contracts Go to Ex-Chief's Company - Los Angeles Times: "By Walter F. Roche Jr., Times Staff Writer | April 23, 2006
Anthony J. Principi has held key positions at the Diamond Bar medical firm before and after heading the agency. Fees could exceed $1 billion.
WASHINGTON — A Diamond Bar company headed by former Veterans Affairs Secretary Anthony J. Principi could get fees exceeding $1 billion from the VA, much of it on contracts approved and amended while he ran the agency, records show.
Principi was president of the medical services company QTC Management Inc. before he joined President Bush's Cabinet in 2001. He ran the VA for four years, then returned to the firm as chairman of the board.
While he was VA secretary, Principi's past and future corporate home collected about $246 million in fees, according to VA records. Congressional Budget Office projections show the contracts could be worth as much as $1.2 billion through 2008.
Principi said he had no role in awarding, amending or administering VA contracts with QTC. ...
Sunday, April 23, 2006
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