A former top Halliburton executive will serve 2 1/2 years in prison after pleading guilty in Houston federal court to orchestrating a $180 million bribery scheme to secure $6 billion in natural gas deals in Nigeria between 1995 and 2004, the Justice Department announced Thursday.
Albert “Jack” Stanley is the former CEO of KBR, a Halliburton subsidiary at the time of the bribes; he was tapped to run the company in 1998 by future Vice President Dick Cheney, who ran Halliburton between 1996 and 2000. Cheney was not charged in the case.
also must pay his former company $10.8 million in restitution under the judgment handed down in a Houston federal court. Stanley, 69, pleaded guilty to violations of the Foreign Corrupt Practices Act and conspiracy to commit mail and wire fraud.
KBR and its parent company, Halliburton, have also agreed to pay a $579 million fine after pleading guilty to corruption charges in Nigeria.
While He Has Received Sentence for His Offences, His Nigerian Counterparts are having it easy with the Court here who is yet to hold them ransom for their offenses.
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