The Justice Department is looking into whether former Halliburton Co. employees conspired with other companies to rig bids for large overseas construction projects, according to the company.
The antitrust probe has grown out of a continuing investigation into whether a consortium of companies that included Halliburton bribed officials in
Halliburton says the federal investigation has "uncovered" information suggesting that several employees may have been involved in coordinated bidding for large construction projects as early as the mid-1980s. Halliburton also said it and federal investigators had broadened their probes to determine if Halliburton and other companies had broken antitrust laws.
"We don't believe at this point in time there have been any antitrust violations," says Halliburton spokeswoman Wendy Hall. She said the company was cooperating in the investigation. The company didn't provide further information. A Justice Department spokesman declined to comment.
The antitrust and
The four companies in the consortium had veto power over decisions, though other members said employees of Halliburton and predecessor companies held key management positions. Halliburton says it was an equal partner.
The antitrust probe is looking into Mr. Stanley's activities dating to the mid-1980s, when he worked for construction firm M.W. Kellogg. In 1988, Kellogg was acquired by Dresser Industries Inc., which was acquired by Halliburton in 1998, in a deal put together by Dick Cheney, now the
In addition to being a major provider of oilfield services, Halliburton, of
Halliburton already faces a raft of investigations. These include a federal grand jury that is looking into whether the company violated
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