Member of Halliburton group fined 402 million for bribery


	Member of Halliburton group fined 402 million for bribery

tommy2balmy

2-8-2009 4:11 AM

208 views

tags:

halliburton, corruption, nigeria, bribery, kellogg brown and root

tommy2balmy says:

Caught once again.

1 Comment |

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2-8-2009 8:23 AM

tabsey

After the former CEO being VP for eight years, they seem to have the readies for the fines.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/564ed9ca-fd79-4ee9-bd46-d5691ae8e67e/7D8D38FD-25F7-4E01-9983-F0195F7D3158/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://allafrica.com/stories/200902080002.html" href="http://allafrica.com/stories/200902080002.html" style="font-size: 11px;">allafrica.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allafrica.com/stories/200902080002.html">Lagos — Kellogg Brown and Root (KBR), a former member of the Halliburton group, has agreed to pay $402 million in fines to settle criminal charges that it conspired to bribe Nigerian officials to win work on a massive liquefied natural gas project in the country, according to court documents filed Friday.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allafrica.com/stories/200902080002.html">The Houston-based engineering company and government contractor is accused of one count of conspiring to violate the Foreign Corrupt Practices Act and four counts of violating the act. KBR declined to comment.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allafrica.com/stories/200902080002.html">The charges stem from allegations of a decade-long scheme in which KBR, through intermediaries, paid more than $180 million in bribes to Nigerian officials to land contracts to build a $6 billion gas liquefaction plant on Bonny Island.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://allafrica.com/stories/200902080002.html">Last month Halliburton, the former parent company of KBR, said it planned to pay nearly $560 million to settle allegations related to the case, but it's not clear if that includes the $402 million KBR fines</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7D8D38FD-25F7-4E01-9983-F0195F7D3158/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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