KBR to pay $402M for conspiring to bribe...Nigerian officials? Yep.

[babylonsister]

Court documents say KBR will pay $402 million bribery fine
By TOM FOWLER HOUSTON CHRONICLE
Feb. 6, 2009, 6:35PM


KBR has agreed to pay $402 million in fines to settle criminal charges that it conspired to bribe Nigerian officials to win work on a massive liquefied natural gas project in that country, according to court documents filed today.

The company is accused of one count of conspiring to violate the Foreign Corrupt Practices Act and four counts of violating the act.

KBR declined comment.

The government filed a document in Houston federal court called a criminal information, spelling out the allegations, as well as a motion to waive certain procedures. The motion says KBR “agrees to all the facts alleged in the Information” as well as a plea agreement, which was not immediately available.

Last month Halliburton, the former parent company of KBR, said it planned to pay nearly $560 million to settle allegations related to the case, but it’s not clear if that includes the $402 million KBR fines. KBR’s spin-off from Halliburton was completed in April 2007.

more...

http://www.chron.com/disp/story.mpl/front/6250897.html

[Solly Mack]

1. K/R

[anonymous171]

2. They need harsher punishment, IMO. nt

[gratuitous]

3. And our defense department does business with these crooks . . .

Why?

[babylonsister]

7. Look at the enormity of the fines. Someone's hiding something.

But it's just a passing fancy in the Houston Chron. Makes you - no, me - wonder.

[gratuitous]

8. Half a billion, maybe a billion?

Difficult to suss out just how much KBR is going to cough up. But they admitted to all the facts in the criminal allegations, which you gotta figure means that there was even worse stuff alleged that investigators couldn't quite prove. Isn't it nice to know, though, that the Republicans in Congress are in there pitching for more dough for this criminal enterprise whilst taking food out of the mouths of the country's children?

[babylonsister]

10. While the rethugs moan about taxes not being paid, perhaps

someone needs to check their offshore accounts. :think:

[Mari333]

4. this gives a whole new meaning to the words "Nigerian Scam". nt

[burythehatchet]

5. Someone explain to me why this company entire management

shouldn't be evicted and the company's assets seized. Why is this criminal enterprise, led by a fucking master criminal who sat in the white house for 8 years, not simply dissolved.

[babylonsister]

9. I'm in agreement. This company, and Halliburton, a major unraveling

would do it. So it won't happen.

[aikoaiko]

6. To collect their settlement, they must first deposit $10,000 into aikoaiko paypal account

hehe