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| Company | Halliburton [Company Info] |
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| Date | Issue | Title |
| 19th Jun 2004 | Other Issue | Halliburton cuts off KBR ex-boss |
| Report |
| Halliburton said it has terminated its relationship with an ex-chairman of its Kellogg, Brown and Root subsidiary over financial impropriety. KBR is being investigated by the US stock market regulator over allegations it paid bribes for Nigerian gas deals. Halliburton said it had severed ties with Jack Stanley, who had worked as a consultant since retiring in December 2003, and another person, over Nigeria. It said it believes they obtained "improper personal benefits" in Nigeria. Halliburton said Mr Stanley and the other ex-employee, whom it did not name, had engaged in "violations of ...codes of business conduct". The US Securities and Exchange Commission is investigating allegations that KBR and three other partner firms paid $180m (£99m) in bribes to win gas contracts. Announcing the end of its relationship with Mr Stanley, Halliburton said it "does not believe it has violated the Foreign Corrupt Practices Act", which outlaws bribes to win overseas business. Halliburton said it was continuing to co-operate with the SEC and US Justice Department, and to conduct an internal investigation. US Vice President Dick Cheney was head of oil services conglomerate Halliburton at the time. Halliburton says it has become a political target and insists it did nothing wrong. The Nigerian government ordered the investigation in February and lawyers have since been studying the payments. Other partners in the Nigerian project in which KBR had a 25% stake include Technip of France, ENI of Italy, and Japan Gasoline. All are being investigated. The allegations focus on a $4bn Nigerian natural gas plant built in the 1990s by the four partners. The payments were allegedly made to Nigerian officials. Halliburton has in the recent past also been under fire for allegedly overcharging the government on contracts relating to the US invasion of Iraq. |
| Other Reports on Halliburton | |||
| Date | Issue | Company | Report |
| 12th Jul 2006 | Other Issue | Halliburton | US Army to end Halliburton deal |
| 24th Mar 2006 | Fraud Investigation | Halliburton | Ex-Halliburton staff in Saudi kickback |
| 23rd Aug 2005 | Other Issue | Halliburton | Halliburton worker admits bribes |
| 15th Mar 2005 | Other Issue | Halliburton | Halliburton in $108m Iraq probe |
| 4th Dec 2004 | Other Issue | Halliburton | Halliburton asbestos deal 'final' |
| 25th Nov 2004 | Other Issue | Halliburton | Halliburton faces 'payment cut' |
| 29th Oct 2004 | Fraud Investigation | Halliburton | FBI 'studying Halliburton deals' |
| 15th Oct 2004 | Questionable Practice | Halliburton | US agrees to Halliburton inquiry |
| 21st Sep 2004 | Questionable Practice | Halliburton | Halliburton hit with Nigeria ban |
| 17th Aug 2004 | Other Issue | Halliburton | US Army suspends Halliburton decision |
| 3rd Aug 2004 | Fraud Investigation | Halliburton | Halliburton settles accounts case |
| 20th Jul 2004 | Questionable Practice | Halliburton | Halliburton Iran deals under fire |
| 19th May 2004 | Questionable Practice | Halliburton | Pentagon suspends Halliburton payments |
| 10th May 2004 | Questionable Practice | Halliburton | Halliburton seeks to settle Asbestos Liability |
| 17th Mar 2004 | Other Issue | Halliburton | US to withhold Halliburton bills |
| 17th Dec 2003 | Questionable Practice | Halliburton | Halliburton bankrupts own units |
| 12th Dec 2003 | Questionable Practice | Halliburton | Halliburton Questioned regarding Iran |
| 22nd Nov 2003 | Fraud Investigation | Halliburton | Halliburton in Iraq fuel costs row |
| 15th Jun 2003 | Fraud Investigation | Halliburton | Nigeria Fraud Investigation |
| 13th Jun 2003 | Questionable Practice | Halliburton | Halliburton awarded US military contact |
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