British probe launched into Halliburton subsidiary



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Topic: Politics > Politics-USA
User: "Harry Hope"
Date: 07 Aug 2006 10:20:04 PM
Object: British probe launched into Halliburton subsidiary
http://news.yahoo.com/s/afp/20060807/bs_afp/britainusnigeriafraud
British probe launched into Halliburton subsidiary
Mon Aug 7

LONDON (AFP) -
KBR, a subsidiary of oil service giant Halliburton, is being
investigated by Britain's Serious Fraud Office over the company's role
in an alleged plot to pay bribes to win billions of dollars worth of
contracts at a Nigerian oil plant, the Financial Times said.
For part of the period under investigation, Halliburton was headed by
US Vice-President ***** Cheney, the newspaper reported.
The SFO said it had conducted searches at business and residential
premises as part of its probe into KBR, which it said was opened in
March, the latest in an investigation taking place in the US, France
and Nigeria over an alleged plot to pay more than 170 million dollars
in bribes.
In response, Halliburton said it continued to co-operate and was
"committed to getting resolution" but declined to comment any further.
The allegations came to the fore three years ago, when a former
executive at the consortium working on the Nigerian gas plant told a
French judge that it had run a slush fund to win contracts since the
mid-1990s.
____________________________________________________________
Harry
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