Friday, July 09, 2004

Capitol Hill Blue: Cheney Faces Criminal Indictments; Other Illegal Actions Raise Warning Flags at White House

"Vice President Dick Cheney faces criminal indictments for illegal activities while CEO of energy giant Halliburton and also illegally intervened to secure a $7 billion no-bid contract for his former employer after his election to office, an analysis by the White House counsel’s office concludes.
The Vice President is currently under investigation by French authorities for bribery, money laundering and misuse of corporate assets while at Halliburton and also faces a U.S. Securities & Exchange Commission probe of a $180 million "slush fund" that may have been used to pay bribes.
Although the White House Counsel analysis is not available to the public because of the secrecy of “attorney-client privilege,” it has generated speculation among senior White House aides who suggest the Vice President should step down as President George W. Bush’s running mate for the November Presidential elections. Such talk has increased in GOP circles lately with former New York Senator Alfonse D'Amato Wednesday calling on Bush to dump Cheney.
Those who have read the analysis say it presents a “devastating” case against the Vice President and concludes Cheney has violated both the “spirit and intent” of federal laws on conflict of interest.
Even worse, Cheney faces indictment by a French court on charges of bribery, money laundering and misuse of corporate assets because of fraud associated with the construction of a $6 billion petrochemical plant built by Halliburton in Nigeria in partnership with Technip, one of France’s largest petrochemical engineering companies.
Cheney is under investigation by Judge Renaud van Ruymbeke, one of France’s famous investigating magistrates. Ruymbeke is a legend in legal circles because of his investigation into French campaign scandals in the 1990s, resulting in multiple indictments and convictions of top officials.
Because of Ruymbeke’s work on the case, the U.S. Securities and Exchange Commission has opened an investigation into a $180 million “slush fund” that the French judge says was used to pay bribes.
London Lawyer Jeffrey Tesler, a consultant to Halliburton, admitted under oath in May that he made payments from the fund to Albert “Jack” Stanley, president of Halliburton subsidiary Kellogg, Brown & Root and a longtime friend and associate of Cheney.  The payments, Tesler said, were personally approved by Cheney, who headed Halliburton at the time.
Although Cheney left his position at Halliburton before becoming Vice President, his financial disclosure statements show he continues to receive dividends from stock as well as deferred compensation from the company. . . ."

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