Settlements

ST-70
Bonny Island Liquefied Natural Gas Bribe Scheme (TSKJ Consortium) / Albert "Jack" Stanley
Bonny Island Liquefied Natural Gas Bribe Scheme
United States
Securities and Exchange Commission
Nigeria
2008
09/03
None
Individual
Civil
Consent to Permanent Injunction
None
$0.00
$0
$0
$0
$0
Art.16, Art.23
Art. 1, Art. 7, Art. 8
Bribery of Foreign Officials, False Accounting, Aiding and Abetting Halliburton's Internal Controls Violations, Aiding and Abetting Halliburton's Falsification of Books and Records
No admission or denial of alleged offenses
Yes
According to the June 2011 Report by the United States to the OECD, "From 1995-2004, Kellogg Brown & Root Inc. (KBR), Technip S.A. (Technip), Snamprogetti Netherlands B.V. (Snamprogetti), and JGC were each part of the TSKJ joint venture that was awarded four EPC contracts by Nigeria LNG Ltd. (NLNG), which is 49 percent owned by the government-owned Nigerian National Petroleum Corporation (NNPC). These contracts, which were valued at more than $6 billion, were part of a four-company joint venture that was awarded four EPC contracts by Nigeria LNG Ltd. (NLNG), which is 49 percent owned by the government-owned Nigerian National Petroleum Corporation (NNPC). These contracts, which were valued at more than $6 billion, were for the construction of LNG facilities on Bonny Island. In exchange for being awarded these EPC contracts, the joint-venture partners used two agents to pay bribes totaled in excess of $182 million to a range of Nigerian government officials, including officials of the executive branch of the Nigerian government and officials at NNPC and NLNG." (Source: Report by the United States to the OECD, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions" (June 2011), Bonny Island Liquefied Gas Bribe Scheme Case Summary at 17-19.) The US Securities and Exchange Commission Litigation Release noted the assistance of foreign authorities in the case. (Source: US Securities and Exchange Commission Litigation Release No. 20897A / February 11, 2009, Securities and Exchange Commission v. Halliburton Company and KBR, Inc., 4:09-CV-399, S.D. Tex. (Houston), "SEC Charges KBR, Inc. with Foreign Bribery; Charges Halliburton Co. and KBR, Inc. with Related Accounting Violations -- Companies to Pay Disgorgement of $177 Million; KBR Subsidiary to Pay Criminal Fines of $402 Million; Total Payments to be $579 Million.")