Global mining giant Rio Tinto said it suspended the chief executive of its energy and minerals division while it investigates more than $10.5 million paid to a consultant for the Simandou iron ore project in Guinea.… Continue Reading
Posts Tagged: Benny Steinmetz
Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.
In April, the U.S. DOJ charged six foreign nationals, including a Ukrainian businessman and a government official in India, with an alleged racketeering conspiracy to bribe officials in India to gain titanium mining rights.… Continue Reading
Frederic Cilins, 51, a French citizen, pleaded guilty Monday in the Southern District of New York to obstructing a federal criminal investigation into whether a mining company paid bribes to win mining rights in the Republic of Guinea.… Continue Reading
The U.K. Serious Fraud Office said Thursday it has launched a criminal investigation of London-listed mining company ENRC plc.
‘The focus of the investigation will be allegations of fraud, bribery and corruption relating to the activities of the company or its subsidiaries in Kazakhstan and Africa,’ the SFO said in a statement.… Continue Reading