Monday, August 13, 2012

Drilling platform scandal update

I have posted previously about kick-back deals involving hundreds of millions of dollars on the purchase via opaque off-shore companies, of deep sea drilling rigs to be used in the Black Sea .

Now Halliburton, the world's second largest oilfield services company, is getting drawn into this corruption scandal.

An letter from the company that was supposed to provide a fig-leaf to Ukraine's corrupt ministers and state gas company officials turns out to have less value than the paper it is written on.

This at a time when former Interior Minister Lutsenko is serving a four year 'stretch' in prison for allegedly providing perks to his driver...According to the prosecutors. the total damages allegedly caused to Ukraine’s budget was estimated to be $125,000...

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