Modbert
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- Sep 2, 2008
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http://www.rawstory.com/rs/2010/12/...250-million-drop-bribery-charges-cheney-firm/
"No legal basis for the charges" but here, have a $250 million bribe to drop the bribery case.
Halliburton reportedly agrees to pay Nigeria $250 million to drop bribery charges against Cheney, firm
The massive industrial conglomerate Halliburton has reportedly offered to pay $250 million to settle charges against its former chief executive, ex-Vice President Dick Cheney, in a multi-million dollar bribery case.
Nigeria filed charges against Cheney this week in an investigation of alleged bribery estimated at $180 million. Prosecutors named both Halliburton and KBR in the charges, as well as three European oil and engineering companies -- Technip SA, EniSpa, and Saipem Construction. Eleven Halliburton officials were arrested last month and freed on bail Nov. 29.
In the United States, KBR has already admitted bribing Nigerian officials. In February 2009, the company agreed to pay a $402 million fine. Halliburton itself paid $177 million to settle allegations paid to the US Securities and Exchange Commission (SEC), but didn't admit wrongdoing. Still, despite the settlements, Halliburton's spokeswoman said “there is no legal basis for the charges” in a statement Dec. 8.
Nigeria's Economic and Financial Crimes Commission spokesman Femi Babafemi told Reuters the company had offered to pay up to $250 million.
"They have made offers of fines to be paid in penalties. They offered to pay $120 million in addition to the repatriation of $130 million trapped in Switzerland," Babafemi said.
"No legal basis for the charges" but here, have a $250 million bribe to drop the bribery case.