KBR Subsidiary To Pay $11M Over UK Bribery Charges

Law360, New York (February 16, 2011, 4:27 PM EST) -- A U.K. subsidiary of KBR Inc. has reached an $11.2 million settlement in a suit brought by British regulators over profits received from a bribery scheme for natural gas contracts in Nigeria from 1994 to 2004.

The U.K. Serious Fraud Office said Tuesday that M.W. Kellogg Ltd. agreed to an order in the High Court to repay money that was generated through the criminal activity of third parties, including KBR, under the Proceeds of Crime Act 2002.

The SFO said that MWKL "took no part in...
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