posted on Oct, 14 2003 @ 12:16 PM
The reputation of Halliburton, the oil industry giant once run by Vice-President Dick Cheney, took a new blow yesterday when it admitted one of its
subsidiaries had paid millions of dollars to a Nigerian official in return for tax breaks.
The company said it had informed the US securities and exchange commission (SEC) of about $2.4m (Ł1.5m) in improper payments to the official, who had
posed as a tax consultant, it claimed.