Date: Fri, 23 Apr 1999 20:40:52 -0700 To: eins From: Matthew X <profrv@nex.net.au> Subject: Harken Aloha.
Faulkner said in his letter to Bush.
Documents show the two met just two weeks before Harken's controversial sale in 1989 of its Aloha Petroleum subsidiary, a transaction which critics have compared to the accounting irregularities at bankrupt energy trader Enron Corp. .
The company's initial treatment of the Aloha sale significantly understated the losses Harken first reported for 1989. Under a subsequent agreement with the SEC, Harken restated its financial statements for 1989 and for the first nine months of 1990. As a result of accounting changes, Harken's 1989 loss widened to $12.57 million from the $3.33 million loss initially reported.
Bush has denied wrongdoing, saying the Aloha matter reflected an honest disagreement over accounting. "All I can tell you is, that in the corporate world, sometimes things aren't exactly black and white when it comes to accounting procedures," he said earlier this month. FROM http://www.capitolhillblue.com/artman/publish/article_126.shtml Middle Eastern countries, where the long, spooky arm of BCCI thuggery was strongest HAIG ALEXANDER M JR (360) HAMMER ARMAND (160) HAMMOUD MOHAMMED MAHMOUD (105, 182, 332-3) HAQ FAZLE (48-50, 52-3, 286, 294) HARIRI RAFIC (355-6) HARKEN ENERGY CORPORATION (229) http://www.pir.org/main2/Harken_Energy_Corporation.html Bahrain 1990 · · Bainerman,J. The Crimes of a President. 1992 (293-7) · · Beaty,J. Gwynne,S.C. The Outlaw Bank. 1993 (229) · · Covert Action Information Bulletin 1992-#41 (50-2) · · Executive Intelligence Review 2000-02-25 (46-52) · · Hatfield,J.H. Fortunate Son. 2000 (70, 91-2, 97-105) · · Lewis,C. The Buying of the President 2000. 2000 (194-6, 199-202) · · Mother Jones 1992-10 (33, 66-8) · · San Antonio Express-News 1999-07-11 (3J) · · Stich,R. Defrauding America. 1994 (407, 410) · · Texas Observer 1991-04-05 (16-7) · · Texas Observer 1991-07-12 (12-5) · · Texas Observer 1991-09-20 (11-7) · · Truell,P. Gurwin,L. False Profits. 1992 (369-70) · · Wall Street Journal 1991-12-06 (A1, 4) http://www.pir.org/cgi-bin/nbonlin6.cgi?_HARKEN_ENERGY_CORPORATION No connection yet to rewald...yet.Quasha-fortunate son?