top
International
International
Indybay
Indybay
Indybay
Regions
Indybay Regions North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area North Coast Central Valley North Bay East Bay South Bay San Francisco Peninsula Santa Cruz IMC - Independent Media Center for the Monterey Bay Area California United States International Americas Haiti Iraq Palestine Afghanistan
Topics
Newswire
Features
From the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature

Criminal investigation of Halliburton's Nigerian operation widens Evidence of corruption during Cheney's tenure

by wsws (reposted)
Monday, May 26, 2008 :Criminal investigations of former Halliburton subsidiary Kellogg Brown and Root (KBR), for alleged bribery in the construction of Nigerias $10 billion liquefied natural gas (LNG) export plant on Bonny Island, have been widened to cover the past 20 years of Halliburtons operations in Nigeria. Investigators will also probe accusations of embezzlement by senior executives, and Halliburtons relations with other multinationals, including Royal Dutch Shell.
Halliburton recently dismissed two of its most senior executives, Robert Stanley and William Chaudin, on suspicion of embezzling $5 million from a Nigerian energy project.

The initial claim, which started the investigation some six years ago, was that Halliburton and others working on a gas export project conspired to win a $5 billion construction contract in 1995 by establishing a $180 million slush-fund to bribe Nigerian officials, and to reward Western contractors between 1994 and 2002, which includes the period when US Vice-President Dick Cheney was Halliburtons chairman and CEO (1995-2000). Such payments are illegal under a 1997 convention barring bribery of foreign public officials in commercial negotiations, adopted by the Organization for Economic Cooperation and Development.

Cheney was also at the helm when, on March 18, 1999, Halliburton and the consortium paid $37.5 million to British lawyer Jeffrey Tesler, who served as a consultant to KBR after it was formed in a 1998 merger between Halliburton and Dresser Industries, which Cheney engineered. This and three other similar payments to Tesler are some of the key points in the investigation by French, British, US and Nigerian police.

Read More
Add Your Comments
We are 100% volunteer and depend on your participation to sustain our efforts!

Donate

$140.00 donated
in the past month

Get Involved

If you'd like to help with maintaining or developing the website, contact us.

Publish

Publish your stories and upcoming events on Indybay.

IMC Network