The latest corporate crook caught red-handed in a bribery scandal is one of Houston's most prominent companies. According to Voice of America:
A major US engineering and military contractor has agreed to pay more than $500-million in penalties and fees to settle bribery allegations against one of its subsidiaries that operates in Nigeria. Halliburton Company, which until 2007 controlled the Houston, Texas-based KBR (also known as Kellogg, Brown, and Root), has agreed to pay $382-million of a $402-million fine and $177-million in fees incurred through US federal charges lodged against KBR by the Securities and Exchange Commission (SEC). KBR will pay $20 million.
The SEC alleges that KBR disbursed millions of dollars in bribes to Nigerian officials to win contracts for building a $6-billion gas liquefaction plant on Nigeria’s Bonny Island. ...
The alleged bribes took place over a decade, between 1994 and 2004. During part of that time, KBR’s parent company, Halliburton was headed by Dick Cheney, who stepped down as CEO in 2000 to become Vice President of the United States.It's fine and proper for the company to pay fines to the SEC, but these decisions were made by individual human beings, not just some faceless corporation. Shouldn't somebody be headed to the hoosgow over this?
RELATED: Oklahoma insurance commissioner convicted of bribery.