Former Halliburton Subsidiary Pleads Guilty to Foreign Bribery
{{#rendered}} {{/rendered}}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.
{{#rendered}} {{/rendered}}Under the plea agreement, KBR also agreed to be monitored for three years.