Friday, February 24, 2012

Ex-KBR chief jailed 30 months for Nigeria bribery

24 February 2012

 (AP)  HOUSTON - After years of sentencing delays, a former KBR Inc. chief executive received two and a half years in prison Thursday for his role in a scheme to bribe Nigerian government officials in return for $6 billion in engineering and construction contracts.
Albert "Jack" Stanley (pictured) also must serve three years of probation and pay $1,000 a month in restitution after he is released.

Stanley pleaded guilty in 2008 to conspiring in the decade-long scheme related to the company's natural gas operations in Nigeria from 1995 to 2004. Stanley was KBR's chief executive until 2001 and chairman until June 2004.

Veselka also argued that Stanley had cooperated with prosecutors and helped the government recover $1.7 billion in fines and restitution; making this case, Veselka said, the most successful prosecution under the Foreign Corrupt Practices Act. The act says it is unlawful to bribe foreign government officials or company executives to obtain or retain business or to secure an advantage to getting the business.

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