PRESIDENT GEORGE W. BUSH Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sylvester80 who wrote (404598)	5/9/2003 1:09:38 PM
From: Skywatcher	Read Replies (2) of 769670

Halliburton Says Gave Bribes in Nigeria Reuters Thursday 08 May 2003 NEW YORK - Halliburton Co. HAL.N, the world's No. 2 oilfield services company, said in a regulatory filing on Thursday that it has disclosed to the U.S. Securities and Exchange Commission that it made about $2.4 million in improper payments in Nigeria. The Houston-based company, once run by Vice President Dick Cheney, said it discovered during an audit that one of its foreign subsidiaries operating in Nigeria paid $2.4 million to an entity owned by a Nigerian national in order to get favorable tax treatment. The individual pretended to be a tax consultant though he worked for a local tax authority, the company said in the filing. Halliburton said the payments 'clearly violated' its code of conduct and internal control procedures and added that it is cooperating with the SEC in its review of the situation. It may also have to pay as much as an additional $5 million in taxes in Nigeria. The company, which said none of its senior officers were involved, has conducted an investigation into the situation and fired 'several' employees based on the investigation's findings. Thugs and crooks...sounds like DICK to me! CC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next