BSG Resources Limited said it sent a letter to Rio Tinto plc Monday alleging that Rio Tinto contributed to the loss of BSGR’s mining rights in Simandou, Guinea by paying bribes and making false allegations.… Continue Reading
The OECD Working Group on Bribery has been setting global standards for fighting foreign bribery since the adoption of the Anti-Bribery Convention in 1997. Among these standards, the Convention requires Parties to establish systems of liability of legal persons and to provide that firms found guilty of foreign bribery are subject to “effective, proportionate and dissuasive” sanctions.… Continue Reading
The son of a former Prime Minister of Gabon pleaded guilty in federal court Friday to conspiring to violate the Foreign Corrupt Practices Act by bribing government officials in Africa.
Samuel Mebiame, 43, a Gabonese national, was a consultant to a mining company owned by an Och-Ziff joint venture.… Continue Reading
The Securities and Exchange Commission awarded more than $900,000 to a whistleblower Friday whose tip led to multiple SEC enforcement actions.