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Oil company Halliburton agrees to pay civil charges

Oil company Halliburton Co profited by approximately $ 14 million, with a business that violated the Foreign Corrupt Practices Act (FCPA). The company violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while obtaining independent compliance consultant to oversee its anti-corruption policies in Angola.

For the violation, now the company has agreed to pay $29.2 million to settle civil charges. In addition, former vice president, Jeannot Lorenz, separately agreed to pay a $75,000 penalty.

Read the full story, here.

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