Angola: Halliburton faces subpoena over Angola operations
Halliburton Co. said it’s responding to a subpoena from the Securities and Exchange Commission relating to a probe into its operations in Angola over possible violations of US foreign bribery law, the Wall Street Journal reports. It isn’t the first time Halliburton has faced problems with the FCPA. The company and its former subsidiary, Kellogg Brown & Root Inc., agreed in February 2009 to pay the US $579 million to resolve violations of the FCPA in connection with a four-company joint-venture project, dubbed TSKJ, to get $6 billion in contracts for liquefied natural gas facilities at Bonny Island, Nigeria.