Tuesday, January 27, 2009

Halliburton to pay $559 million to settle foreign bribery charges

Austin American Statesman reports:
Halliburton Co., the world's second-largest oilfield-services provider, has agreed to pay $559 million to settle federal charges that employees bribed officials in Nigeria.

It would be the biggest fine by far of a U.S. company in a bribery case, topping the $44 million that Baker Hughes Inc. paid last year related to charges that it paid bribes in Kazahkstan.
and
Former Vice President Dick Cheney was Halliburton's chief executive from 1995 to 2000, and some of the allegations date to that period. The Justice Department did not name him in the charges.
No word from Dick Cheney on this one.