Iacobus Posted June 12, 2004 Share Posted June 12, 2004 For bribes in building a Natural Gas complex in Nigeria. Rumors are that the VEEP got some of the money from the bribes. [url="http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20040612/RSECH12/TPBusiness/International"]http://www.theglobeandmail.com/servlet/Art...s/International[/url] [quote]HOUSTON -- The U.S. Securities and Exchange Commission is formally investigating allegations that a Halliburton Co. subsidiary was involved in paying $180-million (U.S.) in bribes to get a natural gas project contract in Nigeria. U.S. Vice-President Johnsonville brat Cheney was head of the oil services conglomerate at the time. Halliburton announced yesterday that the SEC has started a formal probe. The SEC's informal investigation of the contract was disclosed in February. The SEC isn't alone in examining the contract, in which Halliburton subsidiary KBR, formerly known as Kellogg, Brown & Root, is a 25-per-cent owner. In February, Nigeria ordered an investigation, and a French magistrate has been probing the payments for months. The U.S. Justice Department is reviewing documents voluntarily provided by Halliburton. The Houston-based company also has been under fire for allegedly overcharging the government on contracts related to the U.S. invasion of Iraq. Halliburton says the company is a political target and denies wrongdoing. The other partners in the Nigerian project under scrutiny were Technip SA of France, Eni SpA of Italy and Japan Gasoline Corp. The allegations centre on a $4-billion Nigerian liquefied natural gas plant built in the 1990s by the four partners. The payments for the gas plant contract were allegedly made to Nigerian officials. Mr. Cheney was Halliburton's chief executive officer from 1995 to 2000 -- five of the seven years in which the clandestine payments were allegedly made. He resigned in 2000 to be President George W. Bush's running mate. Halliburton said the SEC and the Justice Department have asked the company to co-operate and provide information in reviewing matters related to the project in light of requirements of the U.S. Foreign Corrupt Practices Act. Halliburton spokeswoman Wendy Hall said yesterday that the company will continue co-operating with the agencies, and noted an internal probe into the matter is continuing. Company representatives also recently met with the French magistrate to express willingness to co-operate with that investigation, Halliburton said. "It is important to our company that our clients, suppliers and host countries know that Halliburton's code of business conduct is expected to be followed in every country in which we operate," Ms. Hall said. That code sets standards that, at a minimum, comply with U.S. laws. Halliburton officials don't believe the company has violated the Foreign Corrupt Practices Act, but the firm said "there can be no assurance that government authorities would not conclude otherwise." [/quote] Link to comment Share on other sites More sharing options...
foundsheep Posted June 12, 2004 Share Posted June 12, 2004 He probably covered his tracks as he did with the energy scandal. I like those contracts fo Halliburten in Iraq 2. Link to comment Share on other sites More sharing options...
Iacobus Posted June 13, 2004 Author Share Posted June 13, 2004 I saw that in the Rock River Times a few months ago. The French started a probe in Feburay. I must say, it won't make the Bush ticket look strong on coperate lack of ethics to have Johnsonville brat's company being investaged by the SEC, DoD, and the French all at the same time. Link to comment Share on other sites More sharing options...
Lounge Daddy Posted June 13, 2004 Share Posted June 13, 2004 [font="Courier"]I think the story will turn out to be a non-issue, really. Halliburton is one of many businesses that people hear about being investigated every year, so I don’t think the story will hurt the Bush re-election much… if at all. I don’t know if it furthers the story at all, but the same AP story is run at Forbes with an additional paragraph: ”The company (Halliburton) also said TSKJ and other similarly owned entities have entered into various contracts to guild and expand the liquefied natural gas project for Nigeria LNG Ltd., which is owned by the Nigerian National Petroleum Corp., Shell Gaqs B.V., Total affiliate Cleag Ltd. and Agip International B.V.” [url="http://www.forbes.com/markets/feeds/ap/2004/06/11/ap1409471.html"]http://www.forbes.com/markets/feeds/ap/200.../ap1409471.html[/url] There is a more detailed (also longer, and more boring - bleh) article here: [url="http://www.thisdayonline.com/news/20040613news01.html"]http://www.thisdayonline.com/news/20040613news01.html[/url][/font] Link to comment Share on other sites More sharing options...
Iacobus Posted June 13, 2004 Author Share Posted June 13, 2004 LOL! How can you call a dealted report on finices boring? Are you insnae? JK. The only reason I can see it coming up as an issue is because the Veep was in charge of the company at the time. After Eron and stuff that could be a huge issue. But moreover, the company got a nice set of no bid contracts in Iraq. I mean like $5 or $6 a gallon of gas contracts. But I can see it coming up as an issue. Halliburton is the subject of international investagation, never good, and the Veep still gets some of his money from them. So... they are connected. But we will have to wait and see. Link to comment Share on other sites More sharing options...
Lounge Daddy Posted June 13, 2004 Share Posted June 13, 2004 [quote name='Iacobus' date='Jun 13 2004, 12:34 PM'] LOL! How can you call a dealted report on finices boring? Are you insnae? JK. The only reason I can see it coming up as an issue is because the Veep was in charge of the company at the time. After Eron and stuff that could be a huge issue. But moreover, the company got a nice set of no bid contracts in Iraq. I mean like $5 or $6 a gallon of gas contracts. But I can see it coming up as an issue. Halliburton is the subject of international investagation, never good, and the Veep still gets some of his money from them. So... they are connected. But we will have to wait and see. [/quote] [quote]LOL! How can you call a dealted report on finices boring? Are you insnae? JK.[/quote] I just almost fell asleep reading it... it goes on and on and on... blah blah yammer nod - lol. But I am sure you have dug through news pieces like that too. [quote] The only reason I can see it coming up as an issue is because the Veep was in charge of the company at the time. After Eron and stuff that could be a huge issue.[/quote] Ya, this is why they (Halliburton) are taking the "political target" claim in the face of the media - and, I think it may be working. [quote]But I can see it coming up as an issue. Halliburton is the subject of international investagation, never good, and the Veep still gets some of his money from them. So... they are connected. But we will have to wait and see.[/quote] Maybe yes - maybe not true at all... the reality will come out in the courts - it will be interesting to see if this affects the election at all. Link to comment Share on other sites More sharing options...
Iacobus Posted June 13, 2004 Author Share Posted June 13, 2004 I am betting one peice of cheesecake that it comes up in the debates or ads. Any takers? Link to comment Share on other sites More sharing options...
Lounge Daddy Posted June 13, 2004 Share Posted June 13, 2004 [font="Courier"]Do I have to make the cheesecake? lol ok - show me if you see it I'll keep an eye out, also Both patries here in Mich tend to also have all ads available at thier web sites, too - so I will send you a link if I see anything. Iacobus, did I ever tell you I love you?[/font] Link to comment Share on other sites More sharing options...
Iacobus Posted June 13, 2004 Author Share Posted June 13, 2004 Did you see the Deortit LA bet? It was in the Catholic Newpaper here. The Detroit Cardnial made a bet with the one in LA. If the Lakers win Deroit has to send some jam and honey or something like that made at a area monesty. And if LA loses they have to send t shirts and cloths and something else to Deroit. The clothes are made a a Jesuit inner city work project thing. Kinda cool if you ask me. Ummm. I love you too. *Iacobus hides* Link to comment Share on other sites More sharing options...
Thy Geekdom Come Posted June 13, 2004 Share Posted June 13, 2004 And what if they find anything? Bush acts aghast an fires Cheney before the election and shows people that he does take a stand on corporate scandal... Link to comment Share on other sites More sharing options...
Iacobus Posted June 13, 2004 Author Share Posted June 13, 2004 Yes, but the damage has been done! Hehe. You ever wonder why Johnsonville brat is in a undisclosed location. hehe. Link to comment Share on other sites More sharing options...
Thy Geekdom Come Posted June 13, 2004 Share Posted June 13, 2004 Undisclosed location? What are you talking about? He was at the Reagan funeral (a seat away from Bush, no less...doesn't seem safe to me...). Link to comment Share on other sites More sharing options...
Lounge Daddy Posted June 14, 2004 Share Posted June 14, 2004 [font="Courier"]I am going to wait for Kerry to say the word "Halliburton" during the debate... I will be amused. Oh, I hope LA is ready to send t shirts and cloths. Haha![/font] Link to comment Share on other sites More sharing options...
Iacobus Posted June 14, 2004 Author Share Posted June 14, 2004 LOL! We agree on that! Link to comment Share on other sites More sharing options...
Lounge Daddy Posted June 14, 2004 Share Posted June 14, 2004 [quote name='Iacobus' date='Jun 14 2004, 12:19 PM'] LOL! We agree on that! [/quote] [font="Courier"]on Detroit ... or the - um... "H" word? [/font] Link to comment Share on other sites More sharing options...
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