BusinessCompany NewsSFO investigates Halliburton unit

SFO investigates Halliburton unit

Unit under investigation over bribe allegations

A unit of US oil giant Halliburton is being investigated by the Serious Fraud
Office for its part in an alleged plot to pay more than $170m (£90m) in bribes
to win work at a Nigerian gas plant.

According to the FT, the SFO has already carried out searches at business and
residential premises as part of the probe into Halliburton’s KBR unit, whose
work on the project was underwritten partly by British government money. 

Deputy US president Dick Cheney was head of Halliburton for part of the
period of time under investigation

Halliburton said it continues to co-operate and is ‘committed to getting
resolution’, the FT reported.

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