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Posts Tagged ‘Bribery’

Warning over UK’s overseas bribes culture *(take note Shell)

The action highlights the rising cost of London’s failure to bring bribery prosecutions against its multinationals when other European countries and the US are pursuing their companies.

Halliburton paid $180 million in bribes to senior Nigerian government officials

In a wide-ranging foreign-corruption investigation, fired former Halliburton Co. executive Albert J. “Jack” Stanley pleaded guilty to orchestrating more than $180 million in bribes to senior Nigerian government officials. The bribes were used to win a contract to build a liquefied-natural-gas plant in Nigeria.

Nigeria: U.S. Probes Oil Industry Payments

The US investigation into Halliburton’s Nigerian operations – covering a period when the company was headed by Dick Cheney, US vice-president is said to have uncovered evidence of bribery and is now looking at a range of payments made in a number of countries over the past 20 years, according to the company. Shell said it was aware of the Halliburton filing and was “looking into the matter”.

BAE’s long shadows

Financial Times: BAE’s long shadows Published: May 6 2008 19:50 | Last updated: May 6 2008 19:50 More than window-dressing but not enough to draw a line under sustained criticism: Lord Woolf’s report on ethical business conduct at BAE Systemscontains 23 specific recommendations to bring about and underpin a serious change of culture at Europe’s largest defence [...]

BAE chairman seeks end to graft claims

A report by Lord Woolf, the former lord chief justice, into the company’s business ethics on Tuesday revealed its top management had admitted failing “to pay sufficient attention” to ethical standards that could have damaged its reputation.

BAE Systems admits to ethical failings as investigations into corruption continue

BAE Systems, the arms giant accused of making corrupt payments worldwide to win lucrative contracts, has admitted it acted unethically in the past.

Woolf report into BAE throws a cloak of goodwill over an immoral trade

Let’s be honest: privately, we would rather that BP or Shell got the oil deal than did some less friendly Russian or Chinese company. If the price for petrol is an under-the-table payment to a dictator, so be it.