Advertisement

City of Brass

City of Brass

doing business with Iran

The seizure of mosques and a skyscraper yesterday was ostensibly because the rental income from the skyscraper was being sent to a bank in Iran which is allegedly used by the Iranian government to fund its covert (and denied) nuclear program. This is illegal by federal law, but it’s interesting to see a double standard at work with respect to other US companies that run afoul of that law:

(19 July 2004) The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has been investigating Halliburton since 2001 to determine whether it violated the ban on U.S. companies doing business with Iran. The OFAC referred the case to the Justice Department in early July 2004, prompting the subpoena from the Assistant U.S. Attorney for the Southern District of Texas. The subpoena requests Halliburton provide company documents pertaining to its business relationship with Iran.

Advertisement

Although federal law prohibits U.S. companies from trading with Iran, it does not forbid foreign subsidiaries from such business ties. Halliburton’s Cayman Islands subsidiary sold $63 million worth of oil products to Iran in 2003. Earlier this year, the U.S. Senate tried to pass legislation prohibiting foreign subsidiaries of U.S. firms from trading with Iran, but the legislation was defeated, mostly along party lines.

As far as I recall, none of Haliburton’s assets were seized by the Bush Administration back then.

I’m arguing here that we need more information to justify these actions. They may well be justified, but we must have transparency here or Obama’s relationship with the muslim American community just died.

  • http://www.zackvision.com/weblog/ Zack

    While it is legalistic, the simple difference between Halliburton and Alavi Foundation seems to be that Halliburton used a foreign subsidiary and Alavi’s front company seems to be US-based.

  • http://www.easytoneshoes-sale.com reebok easytone

    shoes create natural instability. reebok easy tone increases muscle activity. discount easy tone will be available. http://www.easytoneshoes-sale.com

Previous Posts

G. Willow Wilson's Ms. Marvel nominated for Hugo Award - and needs YOUR support
Few people outside the fandom of science fiction and fantasy probably are aware of the Hugo Awards, but in a nutshell, they are the single most prestigious award for SF/F, launched in 1953 during the Golden Age of sci-fi. These are the Academy ...

posted 9:34:01am Apr. 17, 2015 | read full post »

Bomb blast in Karachi targets Dawoodi Bohra community
This happens almost every day in Pakistan - fanatic hirabists commit arrogant blasphemy and murder ...

posted 8:22:26am Mar. 20, 2015 | read full post »

Proof denies faith
On Reddit, someone posted the following question: "What convinces you that the Quran is the literal Word of God?" I think this is precisely the ...

posted 9:33:46am Mar. 13, 2015 | read full post »

Proud to be American, proud to be Muslim
This is a guest post by Safiya Dahodwala. Syedna Mufaddal Saifuddin TUS graced the land of America for the first time as the 53rd Dai (spiritual leader) of the Dawoodi Bohra Muslim community. It has been nearly a decade since his predecessor, ...

posted 12:58:00pm Mar. 05, 2015 | read full post »

is ISIS Islamic? Wrong question.
There is an excellent longform essay on ISIS published in The Atlantic, "What does ISIS Really Want?" that lays out an excellent case fore ISIS being genuinely different in ideology, motivation and ethos than Al Qaeda. The real question boils ...

posted 11:34:08pm Feb. 17, 2015 | read full post »

Advertisement


Report as Inappropriate

You are reporting this content because it violates the Terms of Service.

All reported content is logged for investigation.