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Halliburton discloses bribe nigeria

Original Source Link: (May no longer be active)
   http://www.buffalonews.com/editorial/20030510/3040403.asp

http://www.buffalonews.com/editorial/20030510/3040403.asp

Halliburton unit discloses bribe

5/10/2003

HOUSTON (AP) - A subsidiary of Halliburton Co. paid a Nigerian tax official $2.4 million in bribes to get favorable tax treatment, the company disclosed in a federal filing.
In a filing made with the Securities and Exchange Commission, the company said its KBR subsidiary "made improper payments of approximately $2.4 million to an entity owned by a Nigerian national who held himself out as a tax consultant when in fact he was an employee of a local tax authority."

The filing stated that the payments were found during a routine audit, and that several employees were fired as a result.

A company spokeswoman told the Houston Chronicle for its Friday editions that the bribes were paid between 2001 and 2002.

Company officials are trying to determine how much it owes Nigeria in back taxes. It could be as much as $5 million, the filing said.

Vice President Dick Cheney led the company until August 2000.





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