By C.M. Matthews
Halliburton Co. pronounced Friday that it had non-stop inner investigations into a Angola and Iraq operations’ correspondence with a U.S. unfamiliar temptation law and a possess formula of conduct.
Halliburton previously disclosed that it was probing a Angola operations over probable violations of a Foreign Corrupt Practices Act associated to exchange with a third-party businessman in Angola. The FCPA prohibits bribes to unfamiliar officials to win business and is jointly enforced by a Department of Justice and a Securities and Exchange Commission.
Friday’s avowal was a initial confirmation by Halliburton that it was questioning other payments in Angola as good as a operations in Iraq.
“During a second entertain of 2012… we suggested a DOJ and a SEC that we were initiating unrelated, inner investigations into payments done to a third-party representative relating to certain etiquette matters in Angola and to third-party agents relating to certain etiquette and visa matters in Iraq,” Halliburton pronounced in a quarterly report.
A Halliburton mouthpiece declined to criticism as did spokeswomen for a Justice Department and a SEC.
The Houston-based association non-stop an inner review in Angola final year after it perceived an unknown email alleging violations associated to an outward businessman there, according to regulatory filings. In February, it disclosed it had perceived a summons from a SEC relating to a Angolan probe.
“We know that one of a employees has also perceived a summons from a SEC per this matter,” Halliburton pronounced during a time.
Halliburton pronounced Friday it was auxiliary with U.S. authorities in propinquity to all of a inner investigations. The association also pronounced it had hired outward lawyers and accountants to support it with a probes.
It isn’t a initial time Halliburton has faced problems with a FCPA.
The association and a former subsidiary, Kellogg Brown Root Inc., agreed in Feb 2009 to compensate a U.S. $579 million to solve violations of a FCPA in tie with a four-company joint-venture project, dubbed TSKJ, to get $6 billion in contracts for liquefied healthy gas comforts during Bonny Island, Nigeria.