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Cheney faces indictments in US and France--may resign as VP before convention citing "heath reasons” July 10, 2004
by Earl Nash  WASHINGTON ECTV Political Analyist

 

Imminent indictments by the US and France, will force Dick Cheney to resign as VP, citing "health reasons," before the Republican convention and a frenetic search for a new VP candidate is already underway.

A confidential White House Counsel report warns that Cheney has violated both the “spirit and intent” of Federal Conflict of Interest laws, and that pending indictments from a French court will have “serious legal implications.”

Bush’s “brain” faces international charges for bribery, money laundering and misuse of corporate assets while serving as CEO of Halliburton, according to French governmental sources, who have been conducting a long-term investigation.

Back in the US, Dick “Ball &” Cheney will also be charged with illegally intervening in arranging a $7 billion no-bid contract for his former employer (Halliburton), while serving as VP. And, the SEC (Securities & Exchange Commission) is investigating Cheney’s $180 million "slush fund" that he may have employed to pay bribes.

The pending indictment by a French court on charges of bribery, money laundering and misuse of corporate funds is related to the construction of a $6 billion petrochemical plant built by Halliburton and (French company) Technip in Africa. According to sources, the White House counsel’s office has acknowledged that the looming charges in France have “serious legal implications” for Cheney.

In recent testimony a London barrister consultant to Halliburton, admitted that he made payments (about $5 million) from the “slush fund” to the president of Halliburton subsidiary Kellogg, Brown & Root (Albert Stanley). The lawyer testified that the bribes were personally approved by Cheney, then CEO of Halliburton.

Soon after the bribe payment, Halliburton, admitted that Stanley had received “improper personal benefits” while serving as President of KBR and sacked him.  A Halliburton internal investigation that directly implicates Vice President Cheney currently remains under lock and key, but will likely be subpoenaed.

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.  Currently the company is implementing a $7 billion “no-bid” contract to rebuild Iraq, allegedly secretly "fixed" by Cheney and his staff.