Antinuclear

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…….http://www.theage.com.au/business/mining-and-resources/afp-to-examine-iluka-bribery-concerns-in-africa-20170825-gy4h27.html

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August 26, 2017 - Posted by | General News

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