Halliburton to pay $29.2 mln to settle U.S. charges tied to Angola

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By Sarah N. Lynch

Oil giant Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said Thursday.

The Securities and Exchange Commission said Halliburton’s former vice president, Jeannot Lorenz, separately agreed to pay a $75,000 penalty in connection with the alleged violations of the Foreign Corrupt Practices Act.

Both the company and Lorenz are settling the case without admitting or denying the allegations.