The former subsidiary of Halliburton pleaded guilty Wednesday to charges of conspiring to bribe Nigerian government officials in exchange for contracts worth more than $6 billion.
The Department of Justice announced that Kellogg Brown & Root (KBR) agreed to pay a $402 million criminal fine as part of a plea agreement.
The construction and engineering firm was accused of participating in a decade-long scheme to bribe officials for engineering, procurement and construction contracts, part of an effort to build liquefied natural gas facilities in the African country.
Under the plea agreement, KBR also agreed to be monitored for three years.
You must login to comment.