Will the French Indict Cheney?posted December 29, 2003 (web only)
Yet another sordid chapter in the murky annals of Halliburton might well lead to the indictment of Dick Cheney by a French court on charges of bribery, money-laundering and misuse of corporate assets.
At the heart of the matter is a $6 billion gas liquification factory built in Nigeria on behalf of oil mammoth Shell by Halliburton--the company Cheney headed before becoming Vice President--in partnership with a large French petroengineering company, Technip. Nigeria has been rated by the anticorruption watchdog Transparency International as the second-most corrupt country in the world, surpassed only by Bangladesh.
One of France's best-known investigating magistrates, Judge Renaud van Ruymbeke--who came to fame by unearthing major French campaign finance scandals in the 1990s that led to a raft of indictments--has been conducting a probe of the Nigeria deal since October. And, three days before Christmas, the Paris daily Le Figaro front-paged the news that Judge van Ruymbeke had notified the Justice Ministry that Cheney might be among those eventually indicted as a result of his investigation.
According to accounts in the French press, Judge van Ruymbeke believes that some or all of $180 million in so-called secret "retrocommissions" paid by Halliburton and Technip were, in fact, bribes given to Nigerian officials and others to grease the wheels for the refinery's construction. These reports say van Ruymbeke has fingered as the bagman in the operation a 55-year-old London lawyer, Jeffrey Tesler, who has worked for Halliburton for some thirty years. It was Tesler who was paid the $180 million as a "commercial consultant" through a Gibraltar-based front company he set up called TriStar. TriStar, in turn, got the money from a consortium set up for the Nigeria deal by Halliburton and Technip and registered in Madeira, the Portuguese offshore island where taxes don't apply. According to Agence France-Presse, a former top Technip official, Georges Krammer, has testified that the Madeira-based consortium was a "slush fund" controlled by Halliburton--through its subsidiary Kellogg Brown & Root--and Technip. Krammer, who is cooperating with the investigation, also swore that Tesler was imposed as the intermediary by Halliburton over the objections of Technip.
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The suspected bribe money was mostly ladled out between 1995 and 2000, when Cheney was Halliburton's CEO. The Journal du Dimanche reported on December 21 that "it is probable that some of the 'retrocommissions' found their way back to the United States" and asked, did this money go "to Halliburton's officials? To officials of the Republican Party?" These questions have so far gone unasked by America's media, which have completely ignored the explosive Le Figaro headline revealing the targeting of Cheney. It will be interesting to see if the US press looks seriously into this ticking time-bomb of a scandal before the November elections.
Another Halliburton ProbeAlready under fire for its contracts in Iraq, the company now faces a Justice Department inquiry about business done during Dick Cheney’s tenureWEB EXCLUSIVE
Newsweek
Updated: 3:16 p.m. MT Feb 4, 2004
Feb. 4 - The Justice Department has opened up an inquiry into whether Halliburton Co. was involved in the payment of $180 million in possible kickbacks to obtain contracts to build a natural gas plant in Nigeria during a period in the late 1990’s when Vice President Dick Cheney was chairman of the company, Newsweek has learned.
There is no evidence that Cheney was aware of the payments in question and an aide said today the vice president has not been contacted about the probe. Still, the inquiry by the Justice Department’s fraud section—which prosecutes federal anti-bribery law violations—is likely to bring new public attention to the vice president’s past at the giant oil-services firm. Halliburton has been under intense scrutiny in recent months over its handling of hundreds of millions of dollars contracts relating to the rebuilding of Iraq.
The Justice inquiry, along with a related probe by the Securities and Exchange Commission, parallels a separate investigation into the Nigerian payments that is being conducted by a French magistrate and has received widespread attention in recent months in the European press. But the Justice Department and SEC probes have not previously been reported, although they were briefly mentioned by Halliburton last week near the end of a lengthy filing with the SEC.
In the filing, the Houston-based company disclosed that the French magistrate was investigating the Nigerian payments and then added: “The U.S. Department of Justice and the SEC have asked Halliburton for a report on these matters and are reviewing the allegations in light of the US. Foreign Corrupt Practices Act. Halliburton has engaged outside counsel to investigate any allegations and is cooperating with the government’s inquiries… If illegal payments were made, this matter could have a material adverse effect on our business and results of operations.”
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The investigation could raise sensitive political questions for the Justice Department because—unlike Pentagon probes now underway into Halliburton’s Iraq contracts—the Nigerian matter specifically involves corporate conduct during the period between 1995 and 2000 when Cheney was chairman and chief executive officer of the company.
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