Read the original article One Million Weapons to Iraq; Many Go Missing
Taos Industries provides logistical support, base operations and procurement
services to the U.S.
One of its specialties is organizing logistics
and related services associated with equipment ordered by the U.S.
military. In every such case, Taos's sole customer is the U.S.
documentation to show that every shipment made on behalf of the U.S. government was received and accounted for
by the U.S.
government. The documentation confirms that all shipments were made in
compliance with international regulations. Information about those deliveries
has been shared with the U.S. Congress.
CorpWatch describes Taos as a "clandestine" company.
In reality, its business is constrained by its ability to compete for and win U.S.
government contracts that are a matter of public record.
Taos is held
accountable for its business practices by U.S. federal agencies, inspectors
general, law enforcement authorities and oversight bodies within the
departments of Defense, Treasury and Justice. As a matter of routine, it has to
satisfy government requirements to show that its actions are legal and ethical.
When it operates overseas, Taos is subject to
local law and works closely with U.S. embassies and other
authorities, such as NATO peacekeeping forces.
CorpWatch takes the position Taos is culpable for equipment that went
missing after delivery to the customer. None of the U.S. government inquiries into
missing equipment arrived at that conclusion.
The recent CorpWatch posting on Taos and its parent, Agility, recycles
previously discredited assertions and repeatedly gets the facts wrong: on the
history of Agility; on the timeline of various contracts; on unsubstantiated
allegations of improper contacts with military officials; on a business dispute
with a Kuwaiti businessman that was resolved in Agility's favor; even on
the citizenship of various individuals cited in the article.
One of CorpWatch's most basic mistakes
is to describe Agility's chairman as its owner. Agility is a publicly
held company trading on exchanges in Kuwait
and Dubai. It
is owned by more than 20,000 shareholders, many of them large public and
private institutional investors.