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Tuesday, July 20, 2004

It's Tuesday? Oh well, a little late for no politics. So we'll just file this one under "current events." More Halliburton shenanigans being investigated. This time it's for doing business with a member of the "axis of evil":
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.
The company denied any US laws have been broken. But the disclosure, made in a filing with the Securities and Exchange Commission (news - web sites) on Monday, came as the Houston, Texas-based corporation faces multiple domestic and international probes into its operations extending from Iraq (news - web sites) to Nigeria
The Pentagon (news - web sites) and the Justice Department are looking into allegations that Kellogg Brown and Root, a Halliburton subsidiary that has secured an exclusive oil supply contract in Iraq, may have overcharged the US government by 61 million dollars.
Another damaging imbroglio involves allegedly overpriced meals served by Halliburton to US troops in Iraq and Kuwait, which prompted the army to withhold payments on some of the company's invoices.
Meanwhile, French authorities are investigating if the company paid bribes to secure a Nigerian natural gas project.
No commentary. Just passing this one along. But it does make sense that Halliburton would do bidness with Iran since they also did bidness with Saddam. But, like I said, no commentary here.

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