Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



US steps up corruption probe into BHP Billiton

08.16.2013  | 

BHP said the US Securities and Exchange Commission and Department of Justice have now detailed issues that could lead to unspecified "enforcement actions". It said talks with US authorities are ongoing.

Keywords:

By DAVID WINNING

SYDNEY -- US authorities have stepped up an investigation into potential breaches of anticorruption laws by BHP Billiton, including its sponsorship of the 2008 Summer Olympics in Beijing, the mining company said Friday.

BHP said the US Securities and Exchange Commission and Department of Justice have now detailed issues that could lead to unspecified "enforcement actions". It said talks with US authorities are ongoing.

"The issues relate primarily to matters in connection with previously terminated exploration and development efforts, as well as hospitality provided as part of the company's sponsorship of the 2008 Beijing Olympics," BHP said in a statement.

BHP said an internal investigation launched several years ago found evidence regarding possible bribery of foreign government officials.


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


70%

30%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.