610SPOR2 35h_CBSSportsRad_Houston

News

Japanese Company That Helped Halliburton Subsidiary In Bribery Scheme To Pay $55M Fine

View Comments
A Halliburton facility in Port Fourchon, La., is seen on April 8, 2011. (credit: MIRA OBERMAN/AFP/Getty Images)

A Halliburton facility in Port Fourchon, La., is seen on April 8, 2011. (credit: MIRA OBERMAN/AFP/Getty Images)

Featured Items

77820352_8PHOTOS: The Bikini: from the '50s to Now

77820352_8Meet The 6-10s

77820352_8Best 7 Events At The Astrodome

77820352_8World Cup's Hottest Fans

From Our CBS Music Sites

77820352_8Is Chandler Parsons Dating A Kardashian??

77820352_8Nicki Minaj's Booty Takes Over Her Album Cover

77820352_8The Worst Things You Can Do On A First Date

77820352_8Local Gas Station Clerk/MMA Fighter Takes Down Thieves

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

HOUSTON (AP) — Justice Department officials say a Japanese company that helped a former Halliburton Co. subsidiary bribe Nigerian officials to win more than $6 billion in construction contracts has pleaded guilty to federal charges and agreed to pay nearly $55 million in fines.

Officials announced Tuesday that Tokyo-based Marubeni Corp. had been hired by a joint venture of four companies, including Houston-based KBR. It was to bribe Nigerian government officials in order to win engineering and construction contracts for a liquefied natural gas plant on the African nation’s Bonny Island.

The bribery scheme occurred for about 10 years, through 2004.

Prosecutors will drop charges against Marubeni in two years if it follows a corporate compliance program.

The four companies in the joint venture have previously pleaded guilty in Houston federal court.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus