The Securities and Exchange Commission is formally investigating allegations that a Halliburton Co. subsidiary was involved in paying $180 million in bribes to get a natural gas project contract in Nigeria. Vice President Dick Cheney was head of the oil services conglomerate at the time.
Cheney was heading the company for five of the seven years in which the bribes were allegedly paid. This is in addition to the probe into alleged overcharges in Iraq by Halliburton subsidiary KBR.
It’s going to be a very busy summer, what with the election and so many investigations under way.
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