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| Suy Sem, the minister of Industry, Mines and Energy and his wife |
June 1, 2011
Colin Kruger
Business Day
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 its investigations into Cambodian bribery allegations involving BHP Billiton.
BHP has yet to confirm or deny that the investigations relate to a $US1 million ($936,000) payment to the Cambodian government in 2006 to secure bauxite leases.
The Cambodia Daily reported yesterday that OZ Minerals bought out Shin Ha, its partner in a goldmine, in 2009. More than $US1 million of the proceeds went to three women on the partner’s board, who were reportedly closely related to officials in government departments, including the Ministry of Industry, Mines and Energy (MIME).
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