Kellogg Brown & Root LLC (KBR), the global engineering, construction and services company based in Houston, has pled guilty to charges related to the Foreign Corrupt Practices Act (FCPA). This episode arose out of KBR’s participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement and construction contracts. The company will pay a $402 million fine and will be sentenced to “corporate probation.” As a condition of probation, KBR will accept a corporate monitor who will report back to the Justice Department.
Source: Corporate Crime Reporter
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