Dick Cheney- Corporate Criminal

Halliburton Cuts Ties with Ex-KBR Chief

Friday June 18, 9:44 AM EDT

NEW YORK (Reuters) - Halliburton Co. (HAL) has severed ties with the former chairman of its KBR engineering and construction unit in connection with a probe of a Nigerian project, the company said on Friday.

Halliburton said it terminated ties with A. Jack Stanley, who recently retired as KBR chairman, and a second former employee, who it did not identify.

Halliburton is probing payments made by a company joint venture in connection with the building of a natural gas liquefaction plant in Nigeria.

The Houston company, which also faces accusations that KBR overcharged the U.S. government for work in Afghanistan and Iraq, said it severed all ties with another consultant and former employee, who was not named, for the same reason.

Stanley could not be reached for comment.

The U.S. government is also investigating the payments made by Halliburton joint venture TSKJ. The payments went to the Nigerian government.

Halliburton said it is still cooperating with the U.S. Department of Justice and the U.S. Securities and Exchange Commission and is continuing with its own internal probe.

The company said it does not believe it has violated the Foreign Corrupt Practices Act. But it said it plans to ask TSKJ to terminate immediately all services of TSKJ's agent, Tri-Star Investments.

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