Tuesday, March 13, 2007

Halliburton bails out of Iraq, KBR and now America

By S-Q @ 10:29 pm MDT


WASHINGTON, March 12 (HalliburtonWatch.org) -- With various ongoing investigations, Halliburton's sale of KBR and the move to UAE are tantamount to fleeing the scene of a crime, said Jim Donahue, co-director of Halliburton Watch, in response to the company's announcement today that it will move its headquarters to Dubai, UAE.

Halliburton is moving to UAE at a time when it is being investigated in the U.S. for bribery, bid rigging, defrauding the military and illegally profiting in Iran. It is currently in the process of divesting all of its ownership interest in the scandal-plagued KBR subsidiary, notorious for overcharging the military and serving contaminated food and water to the troops in Iraq.

Although Halliburton will still be incorporated inside the United States, moving its corporate headquarters to UAE will make it easier to avoid accountability from federal investigators. The company has proven adept at using offshore subsidiaries to circumvent restrictions on doing business in Iran and to elude responsibility for paying benefits to former employees.

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3 comments:

S-Q said...

It figures that these Chickenhawks would run out of the country! That's okay...Justice will catch up with them...you can run but you can't hide!

See that LONG ARM of the Law? hehe

Meanderer said...

Halliburton reminds me of the fictional organization in Robert Ludlum's The Matarese Circle. Or maybe he knew something even then...

Congress will be busy for a long time unwinding their trail of sludge.

S-Q said...

Hi Captain Kit!

Yep, Congress has a lot of problems to deal with and I am sure there are more to come...

This administration reminds me of a mud wrestling match..they all jumped in and had some fun but what a hell of a mess to clean up now! LOLMAO