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Tuesday, January 27, 2009

559 million is NOTHING

to the good ol' boyz at halliburton. money well spent to make this go away (i won't forget though)

oh and i won't forget all the OTHER allegations against them either

Halliburton to pay $559 million to settle bribery probe
By Anna Driver

HOUSTON (Reuters) - Halliburton Co will pay a $559 million fine to end an investigation of its former KBR Inc unit if the U.S. government approves the settlement, the largest penalty against a U.S. company for charges of bribery under federal law.

Halliburton, once headed by former Vice President Dick Cheney, said it was awaiting final approval from the U.S. Department of Justice and the Securities and Exchange Commission to settle claims that KBR violated anti-bribery laws by paying kickbacks to Nigerian officials.

Under the settlement, Halliburton would pay $382 million to the Department of Justice and $177 million to the Securities and Exchange Commission in "disgorgement."

KBR did not comment on the proposed settlement. Halliburton said in regulatory filings last July that it was in settlement talks with the government..............

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