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Oilfield services company Halliburton is in negotiations with the Nigerian government to keep its former CEO, Dick Cheney, out of prison, according to a news report.
Sources inside Nigeria's Economic and Financial Crimes Commission told GlobalPost this week that a settlement keeping the charges against Cheney out of court could cost as much as $500 million.
Originally posted by SLAYER69
reply to post by DimensionalDetective
What a joke. So they convict him. Then what? They will send out a kidnapping hit squad to capture him? 500 million buys an awful lot of Nigerians TVs, Blue-ray players and boozeedit on 10-12-2010 by SLAYER69 because: (no reason given)
The charges allege that engineering contractor KBR, until 2007 a subsidiary of Halliburton, was among companies that paid bribes to secure a $6 billion contract for a natural gas plant. KBR pleaded guilty to the same bribes in a US court in 2009, and agreed to pay a $382 million fine. The Nigerian charges appear to stem from the US case -- though, in that trial, Cheney was never directly charged.
But the willingness of Nigerian officials to quote a dollar figure in the midst of negotiations could also fuel speculation that the Nigerian charges are an attempt to shake down the companies for cash.