Tuesday, December 07, 2010
Halliburton bribery
In Nigeria, earlier this week, authorities detained ten Nigerian and expatriate Halliburton staff for questioning after raiding its Lagos office. The Houston based engineering firm KBR, a former Halliburton subsidiary, pleaded guilty last year to charges in U.S. court that it paid $180 million in bribes between 1994 and 2004 to Nigerian officials to secure $6 billion in contracts for the Bonny Island liquefied natural gas project in the Niger Delta.
No way!
The rich were illegally getting richer under the reign of King George the II?!?
Say it isn't so...
KBR and Halliburton reached a $579 million settlement with the United States, but Nigeria, France and Switzerland are conducting their own investigations. Albert "Jack" Stanley, the former KBR chief executive officer who worked under the Dick Cheney when he headed Halliburton, pleaded guilty in 2008 to charges stemming from a scheme to bribe Nigerian officials for work on the Bonny Island plant.
No way!
The rich were illegally getting richer under the reign of King George the II?!?
Say it isn't so...
KBR and Halliburton reached a $579 million settlement with the United States, but Nigeria, France and Switzerland are conducting their own investigations. Albert "Jack" Stanley, the former KBR chief executive officer who worked under the Dick Cheney when he headed Halliburton, pleaded guilty in 2008 to charges stemming from a scheme to bribe Nigerian officials for work on the Bonny Island plant.
Labels: Africa, corruption, economics, Politics
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