Reply #36: Houston Chronicle 11/12/06 Story .... LINK records/employees subpoenaed... [View All]

[Blackhatjack]

http://www.chron.com/disp/story.mpl/business/energy/4327560.html
Houston Chronicle
Nov. 12, 2006, 4:43PM
Nigeria bribery case heats up again
Several probes active, but charges have not been filed in delta inquiry


"Halliburton's SEC statement said that some of the employees suspected of making improper payments are still active Halliburton agents and consultants."

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"Halliburton's lengthy statement indicates that the company is cooperating with the Justice Department and SEC investigations in the United States and with the Nigerian government inquiry.
Many company records have been subpoenaed and made available to investigators, Halliburton said in its SEC filing."

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"In addition, Halliburton states that a number of current and former employees and former executives have been subpoenaed by the SEC."

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"Halliburton officials have also declined to name the employee who was recently suspended or to reveal the location outside Nigeria where they believe improper business practices may have been used to obtain contracts."

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"The company agreed to the SEC's request for a so-called tolling agreement extending the statute of limitations."

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"Some investigators involved with the case expect the Swiss to deliver financial information within a month. This would allow investigators in the United States, France, Switzerland and Britain to decide whether to file criminal charges."

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"We have reason to believe, based on the ongoing investigations, that payments may have been made by agents of TSKJ to Nigerian officials," the company stated. "In addition, information recently uncovered suggests that, prior to 1998, plans may have been made by employees of the M.W. Kellogg Co. to make payments to government officials in connection with the pursuit of other projects in countries outside of Nigeria."