Halliburton Investigations Continue
By Margie Burns
From The Progressive Populist, December 1, 2008
http://www.populist.com/08.21.burns.htmlSomewhat off the radar screen in recent weeks, the Department of Justice is quietly continuing to investigate major military contractor Halliburton and its spin-off company KBR. Halliburton is the giant oilfield services company where Vice President Dick Cheney was CEO before joining the 2000 Republican ticket with George W. Bush. The investigation has borne fruit. On Sept. 3, in US District Court in Houston, the feds filed a plea agreement with Albert Jackson “Jack” Stanley, the former chairman and CEO of KBR. Stanley pled guilty to bribing Nigerian officials in oil commerce.
This is a big case. Stanley, who ran KBR when it was a Halliburton subsidiary, is introduced by the nonprofit ProPublica.org blog
thus:
“In the world of Big Oil, Albert “Jack” Stanley was legendary for winning billion-dollar contracts in third world countries, the Halliburton executive who knew all the secrets of deals in places like Malaysia, Egypt and Yemen.
“In the wake of his admission in a guilty plea last week that he had resorted to bribes, kickbacks and high-level corruption to secure deals in Nigeria, however, Stanley now lies at the center of a widening scandal in the oil industry that has implications for corporations and governments across the globe.”
Prosecuted under the US Foreign Corrupt Practices Act, Stanley admitted to arranging more than $182 million in illegal payments—bribes and kickbacks—to Nigerian government officials.
As the FCPA Blog (fcpablog.blogspot.com), led by former Wall Street Journal managing editor Paul Steiger, notes, “The scale of the bribery is enormous, the companies involved are powerhouses, and the cast of characters is daunting. But it’s the most important FCPA story around, and maybe the most important one ever.”
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