Baker Hughes (NYSE: BHI (http://www.nyse.com/about/listed/lcddata.html?ticker=BHI)) is the world's third-largest oil-services company behind Schlumberger and Halliburton .
BakerHughesNYSE: BHI is the world's third-largest oilfield services company behind Schlumberger and Halliburton, its main competitors.
BakerHughes is headquartered in Houston, Texas and operates worldwide with major offices in Aberdeen (UK), Singapore, Dubai, Research and Maintenance Facility in Celle (Germany) and Houston.
In 2006, BakerHughes announced in a press release that it was selling its 30% share of the Western Geco joint venture to Schlumberger for $2.4 billion in cash.
BakerHughes, through its CFO and Controller, directed that this improper payment be made while knowing or aware that KPMG would pass all or part of the payment along to a foreign government official for the purpose of influencing the official's decision affecting the business of BakerHughes.
BakerHughes' CFO and Controller knew or were aware of a high probability that KPMG intended to use $75,000 of the $143,000 to pay the Indonesian government tax official who was conducting PTEC's tax audit.
Further, BakerHughes' CFO and Controller knew that the $75,000 payment to the Indonesian tax official was to be made to obtain a reduction in its tax assessment from $3.2 million to approximately $270,000.