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BHP Finds Evidence of Possible Corruption as SEC Investigates

Discussion in 'Shares' started by Tropo, 21st Apr, 2010.

  1. Tropo

    Tropo Well-Known Member

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    April 21 (Bloomberg) -- BHP Billiton Ltd., the world’s largest mining company, found evidence of possible breaches of anti-corruption laws after the U.S. Securities and Exchange Commission requested information for an investigation.
    BHP identified “possible violations of applicable anti- corruption laws involving interactions with government officials,” Melbourne-based BHP said today in a statement.
    The company said the probe into the termination of some minerals exploration projects didn’t involve its business in China, where four Rio Tinto Group executives were jailed last month for bribery. U.S. regulators have increased scrutiny of corporate governance and compliance following the 2008 collapse of Lehman Brothers Holdings Inc...
    BHP Finds Evidence of Possible Corruption as SEC Investigates - Bloomberg.com