Mining giant BHP Billiton admits it may have bribed foreign officials

Date: 22 Apr 2010

The world's biggest miner admitted yesterday that it had uncovered possible corruption involving the bribery of foreign government officials at some of its exploration projects.

BHP Billiton is in talks with the Serious Fraud Office and the US Securities and Exchange Commission over the alleged offences. No details were given, but the projects under scrutiny are thought to be in the Democratic Republic of Congo and Cambodia.

BHP is the latest in a series of multinationals whose dealings in foreign markets have come under scrutiny as international regulators step up their efforts to tackle corporate corruption. Last month, four employees of Rio Tinto were jailed in China after admitting taking bribes.

Article source: Times of London

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