Wednesday, June 1, 2011

OZ denies Cambodia blunder

June 01, 2011
By Colin Kruger
Source: smh.com.au

OZ MINERALS and the Cambodian government have been forced to deny allegations of impropriety over reports that a transaction by Oz Minerals in 2009 led to hundreds of thousands of dollars being paid to the relatives of government officials.

The news comes as the US Securities and Exchange Commission continues investigations into Cambodian bribery allegations involving BHP Billiton.

BHP has yet to confirm - or deny - that the investigations relate to a $US1 million payment by the company to the Cambodian government in 2006 to secure bauxite leases.

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