Is Halliburton taking the money and running to Dubai?

[ProSense]

Start with the end of this AP article:

Cheney was Halliburton's chief executive from 1995-2000 and the Bush administration has been accused of favoring the conglomerate with lucrative no-bid contracts in
Iraq.

Federal investigators last month alleged Halliburton was responsible for $2.7 billion of the $10 billion in contractor waste and overcharging in Iraq.

Halliburton last month announced a 40-percent decline in fourth-quarter profit, despite heavy demand for its oil field equipment and personnel.

Then read the beginning:

Halliburton will move HQ to Dubai

By JIM KRANE, Associated Press Writer 17 minutes ago

DUBAI, United Arab Emirates - Oil services giant Halliburton Co. will soon shift its corporate headquarters from Houston to the Mideast financial powerhouse of Dubai, chief executive Dave Lesar announced Sunday.

more..

[robinlynne]

1. can someone subpoena all of their records now? well, someone would be

waxman or conyers, I guess...

[C_U_L8R]

2. Void their contracts

Defund the beast.

Stop outsourcing our security and looting our treasure.

[shance]

3. Void the contracts is right. Halliburton is stealing our money and taking off with the kitty.

Truly unbelievable what these people are doing and seemingly getting away with it.

[ProSense]

4. SEC Withdrawing Charge Against Executive (Feb. 23)

SEC Withdrawing Charge Against Executive

Friday February 23, 7:44 pm ET

SEC Withdrawing Charge Against Former Halliburton CFO

Snip...

Still pending was the charge that Morris was negligent for allowing the financial statements to be issued without the full accounting disclosure.

The Houston-based conglomerate settled similar SEC claims filed against it in August 2004 without admitting guilt. But SEC officials said Halliburton failed to fully cooperate in the investigation and fined the company $7.5 million.

The change in accounting procedures occurred in 1998, during Vice President Dick Cheney's 1995-2000 tenure as Halliburton's chief executive. Cheney has not been accused of any wrongdoing.

In a separate matter, Halliburton said last fall it will agree to the SEC's request for more time to investigate possible bribery and corruption in connection with the company's natural gas operations in Nigeria. The so-called tolling agreement between Halliburton and the agency delayed when the legal clock started running, or tolling, on the case under the statute of limitations -- generally five years for such investigations.

The accord also gave Halliburton more time to make its case to the SEC against possible civil charges under the Foreign Corrupt Practices Act or to work out a settlement with the agency. The act makes it unlawful to bribe foreign government officials or company executives to obtain or retain business.

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