The Corruption of Halliburton

One of the world’s largest oil field service companies, the Halliburton Company, has been in the spotlight for its corrupt practices on more than one occasion. However, now it appears there may soon be a probe into a bribery scandal involving both Halliburton and the German multinational conglomerate company, Siemens AG, by the Nigerian federal government. According to the Daily Post, the scandal involves a number of prominent Nigerians, as well as former military Heads of State, who have been accused of collecting bribes from the companies to award them multi-million dollar contracts.

It seems the situation began quite a few years ago. In September of 2008, the U.S. Department of Justice released a report stating that the former officer and director of Halliburton, and longtime friend of Dick Cheney, Albert “Jack” Stanley, had pleaded guilty to conspiring to violate the Foreign Corrupt Practices Act (FCPA) by “participating in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement and construction (EPC) contracts and to conspiring to commit mail and wire fraud as part of a separate kickback scheme.”

In addition, it has also been discovered that they’ve “legally” been stealing exuberant amounts of money from American taxpayers, as outlined in this 2015 short documentary by Brave New Films:

 

The Attorney General of the Federation (AGF) in Nigeria, Abubakar Malami, has refuted claims that President Muhammadu Buhari is afraid of taking up the Halliburton and Siemens cases due to the key suspects being top military leaders. In his statement:

No extraneous influences can influence our actions as we move to fight corruption in all its ramifications. To be noted also is the clear fact that no criminal case can be closed once the facts are handy regardless of who is involved.”

 

There is a silver-lining to this story: the Houston-based company has experienced a net loss of $28 million during the fourth-quarter, and is bracing for more cutbacks, forcing them to lay off another4,000 workers since sales tanked in 2015. In total, Halliburton has laid off about 22,000 workers, which constitutes roughly 25 percent of their global workforce. Let us hope the company crumbles around the lot of them.

 

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