Kellog, Brown & Root, Formerly A Halliburton Company, Agrees To Pay $579 Million To Settle Bribery Charges

Kellogg Brown & Root, formerly a wholly owned subsidiary of Halliburton Corporation and based in Houston, Texas, agreed yesterday to pay a $579 million fine to settle charges it had violated anti-bribery provisions of the Foreign Corrupt Practices Act. Prosecutors alleged that the company had spent $182 million to bribe government officials in Nigeria in order to win $6 billion in construction contracts over a ten year period. Halliburton will be responsible for paying all but $20 million of the fine since it owned the company during the time of the violations. Kellogg Brown & Root (KBR) was spun off by Halliburton in April 2007. KBR's former chairman, Albert "Jack" Stanley, plead guilty to FCPA violations last year.

Read the story here and here.

Read the DOJ announcement here.