VICE PRESIDENT CHENEY'S
HALLIBURTON TROUBLES CONTINUE
SEC formally investigating
Halliburton subsidiary

From the Houston Chronicle:

Federal securities regulators have opened a formal investigation into payments related to Nigeria gas plant built by a Halliburton joint-venture.

Halliburton said this morning that the Securities and Exchange Commission is investigating payments related to the construction of a liquefied natural gas plant in Nigeria. TSKJ, a company registered in Portugal in which Halliburton's KBR has a 25 percent stake, built and expanded the plant.

Halliburton previously disclosed that the Justice Department is investigating the matter and previously said the SEC had met with the company. In a formal investigation, the SEC has subpoena power.

Investigators are looking into whether there were violations of the U.S. Foreign Corrupt Practices Act.

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If I understand correctly, this natural gas deal was brokered when Cheney was in charge of the company during the 90s: that makes it his problem, but you wouldn't know that from reading this story. Actually, as far as I can tell, pretty much anybody dealing with the Nigerian government is engaging in corruption.

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