Extraced it from a website, couldn't link it but will try again and edit ,cheers
Other Halliburton crimes and misdemeanours:
1) Operating in countries with dubious human rights records
Halliburton operate in Afghanistan, Algeria, Angola, Colombia, Indonesia, Libya (where it was fined for violating US sanctions) Nigeria and Russia - all countries which are currently politically unstable with dubious human rights records.
In Venezuela last year (2002), Halliburton found its offshore oil rigs seized by protestors which disrupted its ability to operate.14
Halliburton's operations in Burma have come under heavy scrutiny, although it is no longer clear if the company is still operating there. Halliburton joined oil companies in Burma working on two notorious gas pipelines, the Yadana and Yetagun. According to an Earth Rights report,15 "from 1992, until the present (2000), thousands of villagers in Burma were force to work in support of these pipelines and related infrastructure, lost their homes due to forced relocation, and were raped, tortured and killed by soldiers hired by companies as security guards for the pipelines. One of Halliburton's projects was undertaken during Dick Cheney's tenure as CEO.
KBR has so far been awarded contracts worth $33 million to build the US detention camp at Guantanamo Bay, Cuba, where 641 Al-Qaida suspects are at the time of writing being illegally detained and being denied the basic rights guaranteed to Prisoners of War under the Third Geneva Convention. Reports suggest that they are being subjected to "torture lite', being deprived of sleep and subjected to constant bright light.16
Halliburton has been asked to review its operations in Iran by two major investors, the New York City Police and Fire Pension funds, because of corporate ties to states sponsoring terrorist activities. Current government sanctions prohibit US corporations from virtually all trade and investment with Iran. Halliburton opened an office in Iran via its Cayman Island subsidiary, Halliburton Products and Services Ltd.17
2) Dodgy business practices
Halliburton is currently subject to a Securities and Exchange Commission probe for questionable accounting practices relating to cost overruns on projects carried out during Cheney's tenure as CEO.18
Furthermore, in July 2002, Judicial Watch filed a shareholder lawsuit accusing US vice president Dick Cheney, Halliburton, and accounting firm Andersen of accounting fraud. "They overstated their revenues by tens of millions of dollars and that's an understatement," claimed Larry Klayman, chairman and general counsel at Judicial Watch, as the suit was filed in Dallas federal court. "We're seeking millions and millions of dollars ... it's to punish the people involved."19
The change in accountancy practices could well be put down to the company's auditors, the discredited accountancy firm, Arthur Andersen. Both Dick Cheney and the company's current CEO, David Lasar have close personal connections with the accountancy firm.20
According to the Government Accounting Office (GAO), Halliburton has seriously overrun its budget in Bosnia by almost £300 million.21 The GAO suspectsts foul play, or at the very least extremely sloppy business practices.
3) Stalling on paying-up for asbestos claims
In 1998, Halliburton bought smaller rival Dresser Industries Inc., only to have it backfire on them when Dresser suffered defeat in a key asbestos litigation case. This paved the way for asbestos lawyers to come down heavily on Halliburton.
Since 1976, approximately 578,000 asbestos claims have been filed against Halliburton.22 In December 2002, they reached a settlement for around $4.2billion under which they will have to legally restructure, followed by prepackaged bankruptcy filings of DII Industries and Kellogg Brown & Root, Inc as well as certain other DII and KBR subsidiaries with US operations and named as defendants in asbestos lawsuits. Unfortunately Halliburton itself won't be bankrupted by these claims as most of the costs will be covered by Halliburton's liability insurance. However, it could seriously affect share prices as Moody's Investor Services are considering cutting Halliburton's share ratings.23
It seemed as though Halliburton's cosy connections could have got them off this one. The idea of limiting asbestos liability has been kicking around in Congress for years. And the company has contributed more than $100,000 to legislators who supported the notion. Cheney even kicked in $13,500 when he was a corporate officer.24
4) Serious security lapse and radioactive leaks at the nuclear dockyard in Plymouth
Halliburton runs Devonport Management Ltd (DML). DML has controlled the Devonport dockyards, in Plymouth since they were privatised in 1985.It is here that the UK's Trident nuclear submarines are currently being refitted and four are decommissioned.
In November 2002, two activists from the Trident Ploughshares group broke into the military dock, managed to climb on the submarine, HMS Vanguard, that was being refitted and ring its bell. It had had its nuclear warheads removed before coming into the dock.25
A recent Red Pepper article revealed the threat posed to the health and safety of the people of Plymouth by the negligence of DML and the UK government, which allows increased levels of radioactive pollution (tritium) to leach into the River Tamar, and has failed to mend the serious cracks in the coolant systems of the UK's nuclear submarines.26
And if you were thinking of paying Halliburton a visit they have numerous sites in the UK including
KBR (and Granherne Ltd.)
Hill Park South
Phone numbers: 01372 865000 and 01372 868296
Devonport Management Ltd
Devon PL1 3SG
For all UK locations see:
edited to link site
http://www.corporatewatch.org.uk/news/halliburton.htm<----copy-paste in adres bar if auto-link doesn't work
[Edited 2004-10-07 20:02:55]
[Edited 2004-10-07 20:04:01]
http://www.sec.gov/news/press/2004-104.htm<----copy-paste in adres bar if
from the official sec-site
[Edited 2004-10-07 20:14:09]