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Halliburton reportedly agrees to pay Nigeria $250 million to drop bribery charges against Cheney, firm | Raw Story
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.
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.
I'm sure it is on the up-and-up.. Nigeria being the bastion of honesty and fair-play that it is.
Good grief.