The National Scene - Thursday, October 2, 2008 13:29 - 0 Comments

Bribery scandal involving Halliburton rocks big oil

Most Americans have never head of Jack Stanley and that’s understandable. But this man is well known in the oil industry. In the world of Big Oil, Albert “Jack” Stanley was legendary for winning billion-dollar contracts in Third World countries. He is the Halliburton executive who knew all the secrets of deals in places like Malaysia, Egypt and Yemen. Stanley has now admitted in a guilty plea that he had resorted to bribes, kickbacks and high-level corruption to secure deals in Nigeria. He is also at the center of a widening scandal in the oil industry that has implications for corporations and governments across the globe. The Stanley case may be the first of a string of indictments in coming months against U.S. corporate executives who have participated in bribing foreign officials in recent years. At least that’s what is coming from sources in the Justice Department.

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