Dick Cheney and the $5 Million Man

[The Sushi Bandit]

http://www.thenation.com/doc.mhtml?i=20040705&s=ireland

The Securities and Exchange Commission has finally opened a formal investigation into allegations that Halliburton (in partnership with French petro-engineering company Technip) funneled $180 million into a slush fund to pay bribes in the construction of a $6 billion Nigerian gas refinery--a scandal that French authorities have been probing for a year (for background, see Doug Ireland, "Will the French Indict Cheney?" December 29, 2003).

The energy conglomerate formerly headed by Dick Cheney disclosed the SEC probe (as it was required to do by law for any legal action potentially affecting the company's stock) on June 11. The timing of the disclosure was no accident--it was a Friday, the last day of the interminable Reagan funeral ceremonies, and Wall Street was thus closed. The national press corps focused on little else but the burial, so the SEC investigation got scant attention in the weekend papers (even the New York Times ran only a brief AP dispatch on its website).

Although the US media have shown little interest in the story, the investigation of the Halliburton Nigeria scandal by France's most celebrated investigating magistrate, Judge Renaud Van Ruymbeke, has continued making headlines in Paris--where the latest revelations bring the scandal right to the front door of Halliburton's Houston headquarters.

The Journal du Dimanche (JDD, a large Sunday paper) revealed on June 13 that Judge Van Ruymbeke's investigation has uncovered how Albert "Jack" Stanley, the president of huge Halliburton subsidiary Kellogg Brown & Root (KBR) at the time of the alleged bribery, received so-called "commissions" of 3 percent of the deal from the slush fund. The total amount Stanley received is some $5 million, according to reports in the International Herald Tribune and elsewhere. The Nigerian oil minister at the time, Dan Entete, got $2.5 million, reported the JDD. The slush fund was set up with Halliburton money by a London lawyer, Jeffrey Tesler--who worked for Halliburton at the same time he was financial adviser to the notoriously corrupt late Nigerian dictator Gen. Sani Abacha--as a shell-company front called TriStar, which Tesler established in the British tax haven of Gibraltar. Stanley, the 5 Million Dollar Man, is a close friend and associate of Dick Cheney.

EDITED BY ADMIN: COPYRIGHT

[patdem]

1. These people are so corrupt they are bank robbers in a tie!!!

They say these are the risk takers...well robbing a bank consists of greater risks than these people take...why are bank robbers so disdained????? :mad:

[Wickerman]

2. Item number 1,273 that should bring Cheney down

but, as Moore and Clinton have both said in recent days - the media is not doing their jobs.

Thanks for posting this.

[whistle]

3. Hey, quit knocking sound American business practices will ya...

...Don't you realize that during the golden era of Amerika's rise as the world's richest and most powerful country, things like this were necessary. And, remember, what was good for our fathers, grandfathers , great grandfathers and great great grandfathers, well that is most certainly good for the neo-cons of today. If you don't like it, that means just one thing, you're not a real Amerikan, most likely you are a terrorist and you're probably a communist.:crazy:

[Moderator]

4. The Sushi Bandit

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[struggle4progress]

5. kick

:kick: