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.
Bribery
Halliburton paid $180 million in bribes to senior Nigerian government officials
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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".
BAEs long shadows
Financial Times: BAEs 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 Woolfs report on ethical business conduct at BAE Systemscontains 23 specific recommendations to bring about and underpin a serious change of culture at Europes largest defence contractor. Yet the Woolf committees authority is inevitably diminished by a remit that meant it could not address past corruption allegations, notably in Saudi Arabia.
The report has several practical ideas about how to make ethical behaviour a priority at BAE. It sets new terms for the use of advisers and seeks to end facilitation payments. It gives the board an explicit role in assessing ethical and reputational risk. It demands that BAE commission and publish an independent audit of its conduct within three years. If fully implemented, the report would make BAE a benchmark of best practice in a sector not known for openness.
BAE chairman seeks end to graft claims
A report by Lord Woolf, the former lord chief justice, into the companys 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
Lets 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.
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