Recently Halliburton announced its headquarters were to move to Dubai. But in the hearing today, it slipped out that the Dubai office was originally opened so that Halliburton could engage the country of Iran in business. At that time there were US sanctions against dealing with Iran. But Halliburton did not break the law; instead they called the company Halliburton Parts and Services, established a Delaware type charter in Dubai, and as a foreign subsidiary, it was legally allowed to make multi million deals with the very country that was engaged in supplying Iraq’s insurgents, or so we were told……. Under questioning, Ms Williams admitted that the profits from Iran were the majority of the profits earned by the Dubai subsidiary, which incidentally was a subsidiary of the Cayman island branch of Halliburton. The profits were transferred to the Texas office effectively, if not legally, thereby allowing Halliburton to profit from selling to Iran, without “selling to Iran.” Currently Halliburton is under investigation by US Attorney’s office in Texas for dealings like these. Incidentally, to clarify this trail of deceit, 100 per cent of the profits of the Grand Cayman branch of Halliburton, came from Iran…
What does this have to do with Cheney? He retired years ago. Yes, on paper but mentioned in this hearing, I believe by Senator Lautenberg, Cheney’s stock options do not expire until 2009, well after his term in office has expired.
This means that he benefits whenever Halliburton benefits….
Many profiteers have gotten rich off suppling their country’s armies. But Halliburton breaks new ground, by being the first corporation to profit by supplying BOTH sides of a conflict that their country is engaged in, allowing them to be used by each other, against each other. And it was all done out of the Vice President’s office…………..
Thanks to kavips at dKos. Funny what a little congressional oversight can reveal.
