By JAMES GLANZ and MICHAEL LUO Published: October 16, 2008 The Democratic chairman of a House investigative committee presented documents to the Pentagon on Thursday charging that a top Republican fund-raiser, Harry Sargeant III, made tens of millions of dollars in profits over the last four years because his contracting company vastly overcharged for deliveries of fuel to American air bases in Iraq.
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S.V. Date/Palm Beach Post Harry Sargeant III is the finance chairman of the Florida Republican Party. In a written statement on Thursday, a lawyer for Mr. Sargeant, who is the finance chairman of the Florida Republican Party and a major fund-raiser for Senator John McCain’s presidential campaign, called the allegations “deeply disappointing” and asserted that they were not supported by the facts.
The contracting company, called the International Oil Trading Company, or I.O.T.C., was briefly in the news over the summer when a former partner filed a lawsuit against Mr. Sargeant in a Florida circuit court.
The former partner, a Jordanian named Mohammad al-Saleh, is a brother-in-law of King Abdullah II of Jordan. The court papers laid out his assertion that he obtained special governmental authorizations for the company to transport the fuel through Jordan and was then unlawfully forced out by Mr. Sargeant, who strongly disputed those allegations.