Halliburton is planning to make a plea bargain in former U.S. Vice President Dick Cheney's corruption case, Nigerian officials told GlobalPost. Nigeria's anti-corruption agency charged Cheney as the head of Halliburton when its engineering subsidiary, KBR, allegedly paid bribes totaling $180 million to secure contracts worth $6 billion.
KBR has admitted to bribing officials. Last year the company pleaded guilty in a U.S. federal court to paying the bribes to Nigerian officials prior to 2007, when it was a subsidiary of Halliburton. KBR, which is now independent from Halliburton, agreed to pay $597 million in fines, according to the Associated Press.
Cheney's lawyer dismissed the new Nigerian charges as "entirely baseless."
However, Halliburton is in talks with Nigerian officials to make a plea bargain in the case, said Femi Babafemi, spokesman for Nigeria's Economic and Financial Crimes Commission, the agency which has pressed the charges against Cheney. "The companies are asking for a plea bargain, we are reviewing their request, we are talking with them, but we have not gone far with the talks yet," Babafemi told GlobalPost.
Although Babafemi did not give further details, other sources within the agency said the plea bargain might involve a $500 million settlement.
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