Sunday, August 28, 2016

Corruption Currents: Mining Companies Face Bribery Probes

Latest: Corruption and Money Laundering.

Corruption Currents: Mining Companies Face Bribery Probes.


Hard to please ... Republic of Congo
President Denis Sassou Nguesso, left,
pictured with Chinese President Xi Jinping. 
Photo: AP
Two Australian mining companies are embroiled in bribery scandalsthat reach into the offices of the presidents of Sri Lanka and the Republic of Congo, as the firms sought to secure multimillion-dollar contracts. One company said it was investigating, the other said it was cooperating with police. Opposition parties vowed to relaunch their own probes. (Sydney Morning Herald, ABC, Reuters, ABC, Sydney Morning Herald)


Two Australian companies are embroiled in bribery scandals that reach into the offices of the presidents of Sri Lanka and the Republic of Congo, as the firms sought to secure multimillion-dollar contracts

Coming in the wake of foreign bribery allegations implicating Tabcorp, Leighton Holdings and BHP Billiton, the revelations will put pressure on the Turnbull government to reform Australia's failing anti-corruption framework.
A Fairfax Media and 7.30 investigation has uncovered internal documents from Perth-based listed mining company Sundance Resources that suggest it bribed the leader of the Republic of Congo as it sought presidential approval in 2007 for one of Africa's most ambitious iron ore projects.

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