Wednesday, July 21, 2004

Iran -- Axis of Halliburton

It will be interesting to watch, in the months ahead, the juxtaposition in the press of our "peace president's" banging on the war drum to go after Iran (see, he does have an agenda for the second term), and the ongoing investigation of Halliburton's ties, while run by one Dick Cheney, with Iran.

Especially, since that investigation seems to be reaching the boiling point.

A Halliburton controversy erupted Tuesday, fueled by a grand jury investigation into whether the oil services giant violated federal sanctions by operating in Iran while Vice President Dick Cheney was running the company.

The investigation centers on Halliburton Products and Services Ltd., a subsidiary registered in the Cayman Islands and headquartered in Dubai that provided oil field services in Iran. The unit's operations in Iran included Cheney's stint as chief executive from 1995 to 2000, when he frequently urged the lifting of such sanctions.

[...]

The Treasury Department has been investigating the matter since 2001. But Halliburton disclosed in public financial filings this week that the department had forwarded the case to the U.S. attorney in Houston for further investigation. The company said a federal grand jury had subpoenaed documents on its Iranian operations.

The Treasury Department refers such complaints only after finding evidence of "serious and willful violations" of the sanctions law, a government official said.

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