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Saturday, June 11, 2005

Cheneyburton - Criminals Incorporated

A Halliburton subsidiary is being investigated for smuggling in Kazakhstan; via The Moscow News...

A subsidiary of Halliburton Corporation has become the target of a criminal probe in Kazakhstan over a customs dispute, Reuters reported. Kazakhstan customs officials say the Houston-based company must pay $230 million in customs fees. Halliburton's Kazakhstan operations reportedly violated customs laws by shifting imported equipment to operations that were not exempt from customs duties. However, an audit by customs officials showed Halliburton imported goods that were being used on other projects, which resulted in the criminal case.

Ouch, $230 million... Dick that might cut into your bonus this quarter.

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