Halliburton Agrees to Extend SEC Probe

[sabra]

http://www.wilmingtonstar.com/apps/pbcs.dll/article?AID=/20061101/APF/611011602

Halliburton Agrees to Extend SEC Probe

WASHINGTON | Halliburton Co. has said it will agree to the Securities and Exchange Commission's request for more time to investigate possible bribery and corruption in connection with the company's natural gas operations in Nigeria.

The oilfield services conglomerate disclosed the SEC's recent request for a so-called tolling agreement in a regulatory filing on Tuesday. Such an accord will put off the time when the legal clock started running, or tolling, on the case under the statute of limitations - generally five years for such investigations.

...

Both the SEC and the Justice Department have been investigating an alleged $180 million bribery scheme in Nigeria involving the predecessor company of Halliburton engineering and construction subsidiary Kellogg, Brown & Root and three other companies - from France, Italy and Japan. The allegations center on a contract for a $4 billion Nigerian liquefied natural gas plant that was awarded in 1995 to a consortium of the four companies.

...

A former KBR employee has asked Congress to investigate what he claims are Halliburton's efforts to cover up violations of the anti-corruption law and to mislead federal investigators.

David A. Smith said in a filing with the SEC in September that he mistakenly received e-mails from a company attorney on how to handle federal investigations - notes he says were intended for David R. Smith, a vice president with Halliburton's tax group.

[Tuesday_Morning]

1. kick!

So glad it was David A. (DUer CorpGovActivist) that got those emails!

[sarcasmo]

2. Kick and Nom for getting these EVIL BASTARDS.

[maddezmom]

3. kick

[stop the bleeding]

4. Halliburton cooperating with SEC in probe of Nigeria bribery scheme

Halliburton Company has said it will agree to the Securities and Exchange Commission's (SEC) request for more time to investigate possible bribery and corruption in connection with the company's natural gas operations in Nigeria.

The oilfield services conglomerate disclosed the SEC's recent request for a so-called tolling agreement in a regulatory filing on Tuesday. Such an accord will put off the time when the legal clock started running, or tolling, on the case under the statute of limitations - generally five years for such investigations.

The agreement also gives Houston-based Halliburton more time to make its case to the SEC against possible civil charges under the Foreign Corrupt Practices Act, or to work out a settlement with the agency. The act makes it unlawful to bribe foreign government officials or company executives to obtain or retain business.

"In September 2006, the SEC requested that we enter into a tolling agreement with respect to its investigation. We anticipate that we will enter into an appropriate tolling agreement with the SEC," Halliburton said in its filing.

SEC spokesman John Nester declined comment yesterday.


~snip~

David A. Smith said in a filing with the SEC in September that he mistakenly received emails from a company attorney on how to handle federal investigations - notes he says were intended for David R. Smith, a vice-president with Halliburton's tax group.

The emails, he said, focused on how Halliburton would defend itself against bribery charges.

David A. Smith, who says he owns a single share of Halliburton's common stock, said in his SEC filing that David R. Smith "was being asked to weigh in on how to explain away the source of the bribes paid to Nigerian officials."

Halliburton has said that Smith's allegations are groundless.




http://www.jamaica-gleaner.com/gleaner/20061102/business/business1.html




This didn't get much of a response in the GD so here you go

[Tellurian]

5. Shredder truck seen pulling away from curb @ Cheny residence..

What an effing joke!

[stop the bleeding]

6. he can shred all he wants

http://journals.democraticunderground.com/CorpGovActivist

see parts I, II, III, IV, and now V is up in GD - DUer Blackhatjack asks some good questions

"he can shred all he wants


There are emails, emails, emails, all on back up - this thing is huge

SEC filings

http://www.sec.gov/cgi-bin/browse-edgar?company=smith+david+allen&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

letter Senators

http://www.halwhistleblowers.org/092006senateinvestigationrequest.pdf


more...

http://www.halwhistleblowers.org/

[Tellurian]

7. GREAT Links...

I wish this was a permanent thread posted somewhere in the right hand border of DU..
maybe, you could ask..

[goforit]

9. Hey great idea!! Talk to the moderators.

[stop the bleeding]

11. lots of info here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=364x2548452

Google is a wonderful tool :)

[wicket]

8. K & R

:kick:

[goforit]

10. Could there be a connection here with the uranium from Nigeria/Plamegate?

The kelidascope of dots are forming quite a picture.

[Quantess]

16. Thanks!

[stop the bleeding]

12. kicking for awareness - DU doesn't know how HUGH this really

is - freakin HUGH

[seemslikeadream]

14. FREAKIN HUGH!

[conscious evolution]

13. Short version of this in Atl's AJC.

This is a very important story.
Follow it for fun and freedom!

[DemReadingDU]

15. evening kick