http://news.ft.com/cms/s/2afa1b7a-e27d-11d9-84c5-00000e2511c8.htmlBy Michael Peel and Thomas Catan in London
Published: June 21 2005 19:04 | Last updated: June 21 2005 19:04
Despite a well-publicised drive to clean up corruption by multinational companies in Africa, Britain’s export credit agency did little to investigate serious allegations of bribery at a huge Nigerian gas project it helped underwrite, according to internal documents released to the Financial Times.
The Export Credits Guarantee Department did little more than ask Halliburton – one of four companies accused of paying $172m (€142m, £94m) in bribes – whether the allegations were true, according to the papers obtained under the Freedom of Information act.
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“ECGD appears to have been more concerned with damage limitation in the face of bad publicity than conducting a proper assessment of what the allegations consisted of and who was involved,” said Sue Hawley of Corner House, the anti-corruption campaign group.
The records reveal an unusual degree of co-ordination between ECGD and Halliburton over their response to the bribery allegations.