Current Events — HabitableZone

Current Events

KBR and Halliburton Fined Millions for Bribing Nigerian Officials for 6 Billion Worth of Contracts

Say it isn't so, Dick Cheney.
Turn that smirk up on us one more time.
This may just be the beginning of your fines....and your trials.

>The investigation covered a period when Halliburton was headed by Dick Cheney, former US vice-president. KBR was a wholly owned subsidiary of Halliburton, the oilfield services company, until 2007, when KBR became a separate company.
Of the total fines, $402 million is related to criminal charges by the justice department, accusing Houston-based KBR of participating in a decade-long scheme to bribe Nigerian government officials to obtain contracts - valued at more than $6 billion - to build liquefied natural gas facilities.

Meanwhile, KBR and Halliburton agreed to pay $177 million in forfeited profits to settle civil charges by the SEC without admitting or denying wrongdoing. The SEC accused KBR of violating the FCPA's anti-bribery provisions. It also accused KBR and Halliburton of engaging in books and records violations and internal controls violations related to bribery.

Isn't that a PAY OFF in <itself>?

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