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geek tragedy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:05 PM
Original message
Halliburton's Iran Business Subject to Criminal Probe
Edited on Mon Jul-19-04 05:08 PM by geek tragedy
http://quote.bloomberg.com/apps/news?pid=10000103&sid=a...

<snip>
Halliburton Co., the world's largest oilfield services company, said federal prosecutors subpoenaed documents in an investigation of whether the company violated U.S. sanctions by doing business in Iran.

A previously disclosed U.S. Treasury Department probe of the activities of a Cayman Islands subsidiary that operates in Iran has been transferred to the Justice Department, the Houston-based company said in a regulatory filing with the U.S. Securities and Exchange Commission. The company said it is cooperating with the probe.
<snip>

I wonder what F.U. Cheney had to say. These alleged criminal acts occurred while he was CEO.
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Parche Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:07 PM
Response to Original message
1. halliburton
Lets invade Halliburton instead of Iran
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geek tragedy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:09 PM
Response to Reply #1
2. "You're either with us or with the terrorists."
Which is it, Dick?
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lovedems Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:13 PM
Response to Reply #2
3. If the terrorists will make his company billions of dollars
off the taxpayers, he is with them.
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reprobate Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:13 PM
Response to Original message
4. I oppose the death penalty. Except for corporations. Hang them.

It seems as if it will take another revolution before corporations are brought under control. The first thing we must do is to remove that travesty called "corporate personhood". It was never decided by the USSC.

The second step is to bring back the corporate death penalty. Some states still have the ability to rescind a corporate charter for corporations that show themselves to be against the public welfare.
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geek tragedy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:14 PM
Response to Reply #4
5. I disagree with abolishing corporations, but I do agree that
they should have some sort of "good citizenship" requirement attached to their charters.
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punpirate Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:23 PM
Response to Reply #5
6. Oddly enough, most states have such language...
... in their laws on corporations, something to the effect that their operation must be of benefit to the community, something like that. As people have discovered in California, though, try to get a state attorney general to revoke a charter for failing that requirement....
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geek tragedy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:25 PM
Response to Reply #6
7. Then they should add teeth to that requirement.
Get some of those "activist" judges off their ass.
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 11:33 PM
Response to Reply #6
18. A state attorney who will likely be sitting on that corp's board, or
another one like it, in a few years time.

A puzzle, within a conundrum, within hands washing hands.


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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:33 PM
Response to Reply #4
9. Keep that list of names........this day may come in time.
Jefferson stated that every nation should have a revolution every 25
years.....

We are long due.
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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:28 PM
Response to Original message
8. F.U. Cheney will scew the federal prosecutors. "status quo"
El heffe gets anything and everything he wants.

A typical yuppy 2 year old and more.
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Az_lefty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:38 PM
Response to Original message
10. Is this why we have to go to War with Iran?
Because Halliburton's contracts are in jeopardy?
:shrug:
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yardwork Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:47 PM
Response to Reply #10
11. That's exactly what I just thought.
Gotta get that oil one way or the other. By hook or by crook, y'know.
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struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 08:01 PM
Response to Reply #10
16. No -- but it IS why we have to hear lots of distracting noise about Iran.
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fearnobush Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 05:50 PM
Response to Original message
12. Halliburton Uses Cayman Islands for Contract in Terrorist State
Halliburton Uses Cayman Islands for Contract in Terrorist State
2004-07-02 00:04 (New York)

Halliburton Uses Cayman Islands for Contract in Terrorist State

(Published in Bloomberg Markets magazine.)

By David Evans
July 2 (Bloomberg) -- On April 13, 2003, President George W.
Bush accused Syria of having weapons of mass destruction. ``We
believe there are chemical weapons in Syria,'' he said on the
South Lawn of the White House.
Secretary of Defense Donald Rumsfeld, appearing on CBS's
``Face the Nation'' the same day, said busloads of Syrians were
sent to Iraq to kill Americans. ``Reasonable people don't want to
be associated with a state that's on a terrorist list,'' Rumsfeld
said. ``Who in the world would want to invest in Syria?''
Six weeks later, on May 31, Devon Energy Corp., an Oklahoma
City-based oil and gas producer, entered a partnership with the
Syrian government to spend $17 million to search for oil in
Syria, according to company filings with the U.S. Securities and
Exchange Commission.
Theodore Kattouf, then U.S. ambassador to Syria, attended
the contract signing in Damascus. Devon channeled the business
through a Cayman Islands subsidiary.
Devon's work in Syria didn't mark the first time a U.S.
company won a contract through a Cayman subsidiary in what the
U.S. called a terrorist state. A Halliburton Co. subsidiary sold
$33.6 million in products and services to Iran in 2001, according
to filings with the SEC.
Vice President Dick Cheney was chief executive officer of
Houston-based Halliburton, an energy services and engineering
company, from 1995 to 2000.

Iran Off Limits

Iran is blacklisted by the U.S. as a terrorist state, which
means U.S. companies are forbidden from accepting contracts from
Iran. The Halliburton unit that won the contract in Iran was
incorporated in the Cayman Islands and therefore wasn't subject
to U.S. law, Halliburton says.
``All of Halliburton's business is clearly permissible under
applicable U.S. laws and regulations,'' says Wendy Hall, a
Halliburton spokeswoman. ``If Congress decides to change the laws
and provisions, Halliburton will, of course, comply.''
Cheney spokesman Kevin Kellems says that before he was vice
president, Cheney usually opposed economic sanctions. ``He
believed they were rarely effective and they often discriminated
against American companies,'' he says.
In February, the U.S. Senate Finance Committee, chaired by
Republican Charles Grassley, sent a letter to the Treasury
Department asking if Halliburton was being investigated for
violating U.S. sanctions.
The committee also wrote letters to ConocoPhillips and
General Electric Co. asking about their revenue from terrorist
states, including Iran and Syria.

`Seal Those Doors'

``If these companies are going through the backdoor to
invest in terrorist nations, Congress must take action to
immediately close, lock and seal those doors,'' said Senator Max
Baucus, 62, of Montana, the senior Democrat on the committee.
The Finance Committee didn't challenge Devon's contract with
Syria. Congress and President Bush put restrictions on U.S.
companies working in Syria -- such as barring exports from the
U.S. to Syria, except for food and medicine -- without banning
them from working in that country.
``We entered Syria with the support of the U.S.
government,'' says Brian Jennings, 43, Devon's chief financial
officer. Jennings says that by using a Cayman subsidiary in
Syria, the company can finance that operation with profit earned
in China without first paying U.S. taxes on it.

13 Cayman Subsidiaries

Halliburton is the 30th-largest military contractor, with
fiscal 2001 federal contracts of $534.2 million, according to a
March study by the General Accounting Office, the auditing arm of
Congress. Halliburton has 13 subsidiaries in the Caymans, two in
Liechtenstein and two in Panama.
General Electric, the world's largest company by market
value, has sold locomotives in Syria; in Iran, it sold medical
equipment, provided oil and gas services and contracted to build
hydroelectric generators, according to the Senate Finance
Committee.
ConocoPhillips, the largest U.S. oil refiner, runs a gas
processing plant in Syria, the committee said. ``We comply
strictly with U.S. law in sales to Iran,'' says GE spokesman Gary
Sheffer. ``If Congress decides to change the law, we'll comply.''
ConocoPhillips spokesman Sam Falcona says the company often
talks with U.S. officials to keep up with the rules. ``We are in
full compliance with the letter and spirit of U.S. laws,'' he
says.
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nolabels Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 06:01 PM
Response to Original message
13. Any war with Iran will run thru 1600 Pensyvainia Ave
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seventhson Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 06:10 PM
Response to Original message
14. Finally someone discovered some balls
or ovaries


FINALLY there is a criminal investigation of these animals


thank you whoever is doing this
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osaMABUSh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 07:48 PM
Response to Original message
15. And on the day Iran is "linked" to 9/11
Sweet
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struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-19-04 11:18 PM
Response to Original message
17. kick
:kick:
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maddezmom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-20-04 04:55 AM
Response to Original message
19. and another link from today's headlines:
Halliburton under grand jury probe over dealings with Iran


WASHINGTON (AFP) - The embattled US oil services company Halliburton that until four years ago was headed by Vice President Richard Cheney is under grand jury investigation for suspected illegal dealings with Iran through a Cayman Islands subsidiary, the firm disclosed.

~more~

http://story.news.yahoo.com/news?tmpl=story&ncid=1504&e...
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maddezmom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-20-04 05:02 AM
Response to Reply #19
20. another...rate them :)
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Disturbed Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-20-04 05:56 AM
Response to Reply #20
21. BushCo is stuck with Cheney
I am not holding my breath on any indictements of Cheney but hopefully the Right Wing TV Media will be forced to air this story. I heard that one NetWork did but didn't mention Cheney's name.
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maddezmom Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-20-04 07:48 AM
Response to Reply #21
22. perhaps he received a suponea????
HOUSTON, Texas (Reuters) -- A U.S. grand jury issued a subpoena to Halliburton Co. seeking information about its Cayman Islands unit's work in Iran, where it is illegal for U.S. companies to operate, Halliburton said on Monday.

The oilfield services company, formerly headed by U.S. Vice President Dick Cheney, also said a subpoena was issued to a former employee as part of a separate ongoing investigation into whether it overcharged for fuel under its contracts in Iraq. The company did not name the employee.

Halliburton said the investigation of its subsidiary's work in Iran had been transferred to the U.S. Department of Justice from the Treasury Department, which first initiated an inquiry in 2001.

"In July 2004, Halliburton received from an Assistant U.S. Attorney for the Southern District of Texas a grand jury subpoena requesting the production of documents. We intend to cooperate with the government's investigation," Halliburton said in a filing to the U.S. Securities and Exchange Commission.

~snip~
http://edition.cnn.com/2004/BUSINESS/07/20/halliburton....
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