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BR's bribery.

KBR CHIEF EXECUTIVE OFFICER Albert "Jack" Stanley obtained nearly $6 billion of work in Nigeria for a joint venture consortium. It turns out he achieved this success by paying $182 million to agents to bribe top Nigerian officials.

KBR was a Halliburton subsidiary until being spun off in 2007. In September, Stanley pleaded guilty to channeling millions of dollars in bribes to the Nigerian government in the 1990s in order to win high-profile contracts to build liquified natural gas facilities. Hand-written notes found during the investigation indicate that bribes may have reached former Nigerian dictator Sani Abacha.

Stanley's plea agreement calls for him to receive a seven-year prison term--the longest ever for the bribing of foreign officials. Stanley, who was appointed to the top position at KBR by Dick Cheney, agreed to fully cooperate with investigators and prosecutors as they continue investigating other allegations of corruption. He has also agreed to pay $10.8 million in restitution--equal to the amount of money he received in kickbacks from a consulting company involved with the bribe scheme.

KBR would not comment on Stanley's plea, citing the ongoing investigation. However, "KBR does not in any way condone or tolerate illegal or unethical behavior," says Heather Browne, KBR spokesperson. "The company stands firm in its unwavering commitment to conduct business with the utmost integrity." Halliburton spokesperson Diana Gabriel says the company is cooperating with the authorities but that it would be "inappropriate" to comment on the ongoing investigation.

Among the facts detailed in the case against Stanley were "cultural meetings" held by Stanley and co-workers in which they discussed which agents to use as go-betweens for their bribes. At least two consulting firms were hired to funnel millions of dollars for "marketing" and "advisory" services.
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Title Annotation:BEHIND THE LINES; Albert Stanley
Author:Wedekind, Jennifer
Publication:Multinational Monitor
Article Type:Brief article
Geographic Code:6NIGR
Date:Nov 1, 2008
Words:291
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