Monday, August 21, 2006

Hurdles in countering cross-border corruption


At an April 1994 meeting in London's Baker Street, four multinational building companies held a curious "cultural" discussion about a Nigerian gas plant project that was to generate them billions of dollars of work over the following decade.

The partners – France's Technip, Snamprogetti of Italy, Japan's JGC and KBR, now a Halliburton subsidiary – talked about whether their "agency agreements" should be open or "kept from the eyes of third ­parties".

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