ECAs and Corruption
A. KBR executive pleades guilty in ECA supported Bonny Island bribe scandal
A. KBR executive pleades guilty in ECA supported Bonny Island bribe scandal
(Wall Street Journal, New York, 4 September 2008) In a wide-ranging foreign-corruption investigation, fired former Halliburton Co. executive Albert J. "Jack" Stanley has pleaded guilty to orchestrating more than $180 million in bribes to senior Nigerian government officials. The bribes were used to win a contract to build a U.S. ExIm and UK ECGD supported liquefied-natural-gas plant at Bonny Island in Nigeria.
B. San Antonio businessman pleads guilty in U.S. ExIm Mexico bribery case
(Export Import Bank, Washington, 22 August 2008) In a plea bargain, San Antonio businessman Andrew Parker, accused of scamming more than $160 million dollars from the Export-Import Bank, has pleaded guilty. Parker was accused of falsifying loan applications from Mexico, submitting false reports that goods were bought with the loans, and diverting millions of the loan proceeds for his personal use.
A. KBR executive pleades guilty in ECA supported Bonny Island bribe scandal
(Wall Street Journal, New York, 4 September 2008) In a wide-ranging foreign-corruption investigation, fired former Halliburton Co. executive Albert J. "Jack" Stanley has pleaded guilty to orchestrating more than $180 million in bribes to senior Nigerian government officials. The bribes were used to win a contract to build a U.S. ExIm and UK ECGD supported liquefied-natural-gas plant at Bonny Island in Nigeria.
B. San Antonio businessman pleads guilty in U.S. ExIm Mexico bribery case
(Export Import Bank, Washington, 22 August 2008) In a plea bargain, San Antonio businessman Andrew Parker, accused of scamming more than $160 million dollars from the Export-Import Bank, has pleaded guilty. Parker was accused of falsifying loan applications from Mexico, submitting false reports that goods were bought with the loans, and diverting millions of the loan proceeds for his personal use.