|Page (1) of 1 - 02/23/12||email article||print page|
KBR ex-CEO to be sentenced Thurs. in bribery caseKBR ex-CEO in federal court to be sentenced in Nigerian bribery case; faces 7 years in prison
HOUSTON (AP) ' A former chief executive of construction giant KBR Inc. will learn his penalty for a federal bribery conviction related to the company's natural gas operations in Nigeria from 1995 to 2004.
Albert "Jack" Stanley returns to a Houston federal court Thursday for sentencing. Stanley pleaded guilty in 2008 to conspiring in the decadelong scheme to bribe Nigerian government officials in return for engineering and construction contracts.
Under his initial plea agreement, he faces seven years in prison and $10.8 million in restitution. Court files show his sentencing, first scheduled for November 2008, has been reset at least 16 times.
KBR formerly was known as Kellogg, Brown & Root. The worldwide engineering and construction services firm was split off as a separate public company from Halliburton in 2007.
Related Keywords:KBR Bribery-Nigeria,Corporate legal affairs,Bribery, graft and conflicts of interest,Legal proceedings,Corporate crime,Crime,Corporate news,Business,General news,Law and order