BHP Billiton faces corruption probe over Beijing Olympics

Wed Mar 13, 2013 7:22am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Sonali Paul and Lucy Hornby

MELBOURNE/BEIJING (Reuters) - The U.S. government is investigating top global miner BHP Billiton Ltd for possible corrupt practices, the company confirmed, after media reports said it was being probed for its sponsorship of the 2008 Beijing Olympics.

Australia's Fairfax Media reported that the U.S. Department of Justice and the Australian Federal Police (AFP) were investigating allegations that BHP provided inducements, hospitality and gifts to Chinese and other foreign officials.

The U.S. Justice Department told Fairfax, in response to a freedom of information request, it was conducting "law enforcement proceedings" involving BHP, which supplied the materials for gold, silver and bronze medals used in Beijing. The Department of Justice declined to comment after U.S. office hours on Tuesday.

Australian police confirmed they had been working with foreign counterparts and local regulators on Australian aspects of the U.S. investigation, without providing further details.

BHP said it had been cooperating with "relevant authorities", and in response to media queries said it believed it had complied with all applicable laws in regards to its Olympics sponsorship.

"BHP Billiton is fully committed to operating with integrity and the Group's policies specifically prohibit engaging in bribery in all its forms," BHP said in an emailed statement.

The world's biggest mining company has been under investigation for possible corrupt practices since at least 2009, disclosing in 2010 that it had uncovered possible violations of some anti-corruption laws.

BHP said on Wednesday it could not comment on whether that investigation had been expanded or whether the probe referred to on Wednesday was separate.   Continued...

 
A man walks out of the head office of BHP Billiton in central Melbourne August 18, 2010. REUTERS/Mick Tsikas