Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Showing posts with label Albert Stanley. Show all posts
Showing posts with label Albert Stanley. Show all posts

Saturday, February 25, 2012

Albert Stanley, Former Halliburton Exec, Sentenced In Bribery Scheme

A former top Halliburton executive will serve 2 1/2 years in prison after pleading guilty in Houston federal court to orchestrating a $180 million bribery scheme to secure $6 billion in natural gas deals in Nigeria, the Justice Department announced Thursday.

Albert "Jack" Stanley is the former CEO of KBR, a Halliburton subsidiary at the time of the bribes; he was tapped to run the company in 1998 by future Vice President Dick Cheney, who ran Halliburton between 1996 and 2000. Cheney was not charged in the case.

KBR, spun off by Halliburton in the wake of the scandal, called the scheme an "unfortunate chapter" in its "rich and storied history" after pleading guilty to corporate criminal charges in 2009.

The investigation of the bribes crossed four continents over 10 years and involved five companies in Europe, the U.S., Japan and Nigeria. Criminal and civil penalties in the case have yielded more than $1.7 billion in fines, forfeitures and other sanctions.

"This case shows the importance the department places on putting an end to foreign bribery," Mythili Raman, a prosecutor with the Justice Department's criminal division, said in the Feb. 23 announcement.