Scandals regarding financial abuses still shake the US establishment. Yesterday, President George W. Bush delivered an unexpectedly strict speech accusing businessmen of damaging the America business image. The speech produced the impression that the White House might seriously establish order in the financial accountability of the largest US companies. This occurred against the background of not quite ethical deals struck by George W. Bush himself at the beginning of the 1990s. However, as we see now, this was just a trifle compared with a the sensational scandal.
Stockholders of the oil company Halliburton Co. have filed a suit against the company’s ex-president and incumbent Vice-President Richard Cheney. The stockholders accuse him of large-scale financial fraud. The AP reports that accounting of Halliburton's activity within the period since 1998 (Richard Cheney was at head of the business within 1995-2000) revealed numerous mistakes and profit suppression.
As a result of the scandal, Halliburton shares suddenly dropped. The defendant has not yet made any official comments on it. Besides, as of now, no official charges have yet been brought against the incumbent US vice-president, nor against his former employers. The infamous Arthur Andersen participated in the Halliburton auditing. The name of Richard Cheney has been mentioned several times in connection with the Enron bankruptcy scandal. It was said that the vice-president was on friendly terms with the energy giant's leadership. This is scandalous, because Richard Cheney was simultaneously chairman of the Energy commission. It is certainly not right to say now that the new scandal will affect the vice-president's career. However, it was already stated some time ago that the White House would find a new candidate to the vice-president post for the next elections. It was added at that, the White House dislikes the fact that Richard Cheney got into trouble too often.
Vasily Bubnov PRAVDA.Ru Translated by Maria Gousseva
Read the original in Russian: http://www.pravda.ru/main/2002/07/10/43944.html