KBR Statement Regarding Latest Nigerian FCPA Charges:
December 07 2010 - 3:20PM
Business Wire
Recent press reports name KBR Chairman, President and CEO
William P. Utt in the latest apparent charges to be filed by the
Nigerian Government. The issues related to this latest set of
charges involve violations of the Foreign Corrupt Practices Act
(FCPA) that occurred between 1994 and 2004.
William P. Utt joined KBR in February 2006 and the remainder of
KBR’s executive team was appointed thereafter. No one on KBR’s
current executive team was involved in the FCPA violations. KBR in
no way condones or tolerates illegal or unethical behavior.
Conducting our business with the utmost integrity is at the core of
the work we perform each day.
The actions of the Nigerian government suggest that its
officials are wildly and wrongly asserting blame in this
matter.
KBR will continue to vigorously defend itself and its executives
if necessary, in this matter.
KBR is a global engineering, construction and services company
supporting the energy, hydrocarbon, government services, minerals,
civil infrastructure, power and industrial markets. For more
information, visit www.kbr.com.
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