violation of the sanctions: for corps it is only a slap om the hand of a fine of up to $500,000, But our VP could get hit with $250,000 and 10 years in jail! :-)
http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=5710588Halliburton Subpoenaed Over Unit's Iran Work
Mon Jul 19, 2004 08:06 PM ET
By Matt Daily
HOUSTON (Reuters) - A U.S. grand jury issued a subpoena to Halliburton Co. seeking information about its Cayman Islands unit's work in Iran, where it is illegal for U.S. companies to operate, Halliburton said on Monday.<snip>
"In July 2004, Halliburton received from an Assistant U.S. Attorney for the Southern District of Texas a grand jury subpoena requesting the production of documents. We intend to cooperate with the government's investigation," Halliburton said in a filing to the U.S. Securities and Exchange Commission.<snip>
Halliburton's engineering and construction unit KBR, formerly called Kellogg Brown & Root, is also the subject of U.S. Justice Department and SEC investigations for possible overcharges for fuel and food service contracts in Iraq, where it is the largest contractor, holding contracts that could eventually be worth $18 billion.<snip>
In a report issued in October 2003 in response to shareholder complaints about its Iranian links, Halliburton said that it was not illegal for U.S. companies' independent foreign subsidiaries to conduct business in Iran, and that it had taken steps to isolate its U.S. operations and managers from its work there.
U.S. Senator Frank Lautenberg, a Democrat, said the probe into possible sanctions violations should address the role of the Republican vice president. "The question must be asked: did this possible violation occur between 1995 and 2000 while Dick Cheney was the CEO of Halliburton?" Lautenberg said in a statement released by his office.<snip>
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