Helliburton

Cheney's former company, and current holder of a no-bid contract to rebuild Iraq, Halliburton makes the news yet again:

The Houston-based company, once run by Vice President Dick Cheney, said it discovered during an audit that one of its foreign subsidiaries operating in Nigeria paid $2.4 million to an entity owned by a Nigerian national in order to get favorable tax treatment.

The individual pretended to be a tax consultant though he worked for a local tax authority, the company said in the filing. Halliburton said the payments 'clearly violated' its code of conduct and internal control procedures and added that it is cooperating with the SEC in its review of the situation. It may also have to pay as much as an additional $5 million in taxes in Nigeria.