Australian news, and some related international items

Police anti-bribery taskforce examining mining company Iluka Resources’ activities in Africa

AFP to examine Iluka bribery concerns in Africa, The Age, Nick McKenzie, Richard Baker, 26 Aug 17  A federal police anti-bribery taskforce is examining if ASX-listed firm Iluka Resources has breached Australian corruption laws after acquiring a London firm accused of bribing high-ranking Sierra Leone officials to win mining licences.

The AFP’s involvement in the case – which Iluka has not disclosed to the share market – comes after Fairfax Media revealed earlier this month that a secret internal inquiry by the Australian miner had embroiled a leading Sierra Leone presidential candidate, a cabinet minister and high-ranking officials in a bribery scandal.

The revelations place Australia’s corporate foreign bribery detection regime under the spotlight, along with questions about how much companies need to tell shareholders about corruption allegations…….

August 26, 2017 - Posted by | General News

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