Thursday, April 22, 2010

BHP reveals SEC corruption probe over 'small' projects

BHP says the projects at the centre of probe were relatively small
Wednesday, 21 April 2010
BBC News

BHP Billiton, the world's largest mining company, has uncovered possible corruption at exploration projects.
The issue involved "interaction" with government officials, and details had been passed to the Securities and Exchange Commission (SEC), BHP said.
BHP did not say where the violations occurred, but said it was not China, where four staff at rival Rio Tinto were recently jailed for bribery.
BHP said that the projects concerned were "small" and no longer active.
The Anglo-Australian company said in a statement that it had "disclosed to relevant authorities evidence that it has uncovered regarding possible violations of applicable anti-corruption laws involving interactions with government officials".

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