Plea in KBR bribe case may signal more on the way... cheney???

[radfringe]

Plea in KBR bribe case may signal more on the way
http://www.reuters.com/article/ousiv/idUSN0946968820080909
Tue Sep 9, 2008 11:29am EDT
Reuters


HOUSTON (Reuters) - The guilty plea in a years-long bribery probe by the U.S. government of Halliburton Co (HAL.N: Quote, Profile, Research, Stock Buzz) and its former KBR Inc (KBR.N: Quote, Profile, Research, Stock Buzz) unit means more legal woes may be on the way for the global energy companies.

Albert "Jack" Stanley, a former KBR chief executive officer, pleaded guilty last week to charges involving a scheme to pay $180 million in bribes to Nigerian government officials to win work on the $6 billion Bonny Island liquefied natural gas (LNG) plant.

Stanley's guilty plea is a big development in an investigation that Halliburton revealed in 2004. The wide-ranging probe involves companies or individuals in at least six countries and court documents show the probe goes beyond the Nigerian Bonny Island deal.

"This is a big break in the case," said Dan Newcomb, a partner at Shearman & Sterling in New York who advises clients on compliance with anti-bribery law. "Now they have a guy who is going to explain what is going on."

-------snip---------

"The whole point of a cooperating witness is not to tell people you have one until you really want to put the pressure on," Newcomb said. "Putting him out there is usually a sign that they are getting ready to indict somebody else."

Stanley, who worked under U.S. Vice President Dick Cheney when he was CEO of Halliburton, was fired in 2004 for violating the company's business code and receiving "improper personal benefits." The bribery scheme stretched from 1995 to 2004.

[barbtries]

1. gawd that would be sweet

i cannot even express how sick i am of watching the slime get away with it over and over and over and over.

[Old and In the Way]

2. At some point, Bush/Cheney loses DoJ control to provide interference.

I think then the plea bargins and dime droppings start in ernest. Not sure that would occur under McCain, but if he still hates Bush for the 2000 primaries, maybe he'd take perverse delight in going after them.

[elehhhhna]

3. Halliburton relo'd their top execs to the UAE. UAE has no extradition treaty

with the US.

Only the top peeps relocated.

Happened last year.

Coincidence?

[radfringe]

4. kick