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Wednesday, February 18, 2009 8:42:07 PM
Now if you would like to bring up SOL issues I will gladly debate the subject with , SINCE YOU BROUGHT IT UP.
Just recently in 02/2009 KBR was formally charged with FCPA violations stemming from an investigation that started in 2003, regarding Nigerian political bribes for a natural gas plant from early 1990s'
You do the Math....
The SEC filings say ERHE is still being investigated
KBR was formally charged with FCPA violation in 2009 for an investigation that started in 2003 regarding bribes that happened in the early 1990s'
However > I suggest we let the lawyers and the government agencies handle the SOL because YOU for sure do NOT know the 100% correct answer , and I do not either, however I will say I DO have some case precedence that to me, IMO says , the SOL is not a concern for the govt investigation into ERHC Energy at this time. Do you have any precedence to prove your point, your opinion? Please post > SINCE YOU BROUGHT IT UP...
investigations commenced in 2003 as a result of allegations of improper payments to government officials in Nigeria through the use of agents or subcontractors in connection with the construction and subsequent expansion by a joint venture known as TSKJ of a natural gas liquefaction project on Bonny Island, Nigeria, in which Halliburton's former subsidiary KBR, Inc. has an approximate 25 percent interest.
February 11,2009, a subsidiary of KBR pleaded guilty to conspiring to violate the FCPA and to substantive counts charging violations of the anti-bribery provisions of the FCPA in connection with the Bonny Island project. The scheme commenced in the 1990's prior to Halliburton's 1998 acquisition of Dresser Industries, Inc.
http://www.rigzone.com/news/article.asp?a_id=72822
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