Tango123,
All pilots, techs will be employed by Dancopter only (or a 100% runned DC-company) since the whole operation is runned by them and not Caverton. Caverton only supports with facilities and so on.
Right you obviously know best, but I guess you never heard that in Nigeria a foreign company can only own 40% of a joint venture. CHC made the mistake of thinking they owned the place when they swaggered in and look where they are now with a rumored $170 million owed them by Aero and little hope of seeing much of that back. ConDapter is barely mentioned in the article and the facilities are supplied by Shell. Now let's see, a Nigerian company gets paid the money and then after a suitable deduction for a management fee, pointy shoe allowance, firework displays, local state taxes, special contract tax, special consultant and director's fees, not to mention banking delays (due entirely to the Nigerian banking system of course). Yes, everything should be absolutely fine
Nobody wants to leave the North Sea unless it means a big rise in paycheck, and this will be the key issue when negotiations starts next week....
.... and the profit after Caverscam's cut, ConDapter's cut and the consultant's cut, plus the Gulf Helicopter cut when the 139s start will come from where exactly
Not to worry, Caverscam is well supported because the Gargling Mingi, (
Trouble for Nembe Monarch), a former director of Shell, former Minister of Energy and former group Managing Director of NNPC is also now revealed as a director of Caverscam. It's lucky there's no conflict of interest there then and that the contract was won in an honest, transparent fashion with no possibility of any underhand dealings.
The gargling Mingi is a fine upstanding fellow who has recovered well from the N27billion Halliburton scam. In September 2004 a document came to light in the London offices of Kellogg Brown & Root (KBR) by investigating Halliburton Attorneys. KBR was the American subsidiary of TSKJ, the consortium which won scandal-tainted contract to build the liquefied natural gas plant in Bonny. Eighty people, were indicted by the United States law enforcement officials over the N27 billion Halliburton bribery scandal. According to the report of the investigators, the 80 persons received part of the N27 billion bribe facilitated by foreign contractors for Halliburton to get the contract to build the Nigerian Liquefied Natural Gas (NLNG) plant, Africa’s first, in Bonny, Rivers State.
The scandal dates back to 1994 when some foreign companies put up bids for the construction of the plant that was to cost $6 billion. To win the contract, a joint venture company, named TSKJ, was set up – comprising equal holdings between some companies, Technip (French), Sanmprogetti (Italian), KBR (U.S.), and part of the Halliburton group and Japanese engineering and construction company, JGC. The investigators said the consortium bribed political leaders and top government functionaries through Tri-Star Investment Limited and Marubeni Inc. They also recruited British lawyer, Jeffery Tesler, to co-ordinate the affairs of Tri-Star, as well as Wojciech Chodan, an American, to co-ordinate the affairs of Marubeni.
TSKJ mandated Tri-Star to solely take charge of bribing Nigerian officials at senior level, Marubeni was restricted to bribing junior level officials.
Tesler disclosed in a court deposition that TSKJ mandated both companies to bribe the officials.
As part of the investigation, the Swiss Justice Department followed the steps of the Police Judiciare of France, which in 2003, started an investigation that revealed fraudulent Halliburton payments to Tesler.
In the U.S., KBR and Halliburton have admitted to violating the Foreign Corrupt Practices Act (FCPA) by engaging in a decade-long bribing scheme to secure contracts in Nigeria.
Both agreed to pay a combined fine of $579 million to settle criminal and civil charges brought by the U.S. Securities and Exchange Commission (SEC) and the Department of Justice.
Amongst those indicted were a number of former presidents and oil ministers and number 11 on the list is a certain Edmund Daukoru.
Halliburton Scam I'm sure it's just a co-incidence and that none of the $670 million which the contract is stated to be worth will be diverted for any scams along the way
Must go and check my emails. I really look forward to a cruise around the Lagos lagoon watching the firework displays from the deck of the MV Maduabebe from the piano bar alongside the swimming pool
MV Maduabebe