BHP Billiton facing 'corruption' inquiry into Beijing Olympics
BHP Billiton faces the threat of a multimillion-dollar fine after American and Australian anti-corruption authorities began to investigate allegations that it provided inducements, hospitality and gifts to Chinese officials in the run-up to the Beijing Olympic and Paralympic Games.
The FTSE 100 miner denied any wrongdoing in relation to the 2008 Games, which it sponsored, insisting it had complied with all "applicable law" and was co-operating with the authorities.
Its comments follow reports in the Australian press that the US Department of Justice and Australian Federal Police were scrutinising the activities of BHP around the Beijing Olympics.
The reports said the authorities were investigating whether BHP had obtained a "business advantage" by providing gifts and hospitality to Chinese government officials and executives from state-owned steel and mining companies through its Olympic sponsorship and hospitality programme.
BHP, which supplied the materials for gold, silver and bronze medals for the Olympics, insisted yesterday that it has done nothing wrong in relation to its multi-million-pound sponsorship of the Games.
"We believe our Olympics activities complied with all applicable law. BHP is fully committed to operating with integrity and the group's policies specifically prohibit engaging in bribery in all its forms," a BHP spokesman said.
"BHP has been co-operating with the relevant authorities in an investigation into possible violations of anti-corruption laws," he added. BHP declined to comment further.
The US Justice Department said it was conducting "law enforcement proceedings" involving BHP, while the Australian police confirmed they had been working with foreign counterparts and local regulators on Australian aspects of the US investigation.
- 1 Edward Heath 'raped 12 year-old boy at Mayfair flat'
- 2 London is the most googled city in the world
- 3 Porn block in India: hundreds of sexual websites banned, internet outraged
- 4 Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks traffic on Dublin road
- 5 Richard Dawkins ridicules Sabrina Corgatelli for claiming her giraffe kill was 'ethical'
Edward Heath 'raped 12 year-old boy at Mayfair flat'
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
Gwen Stefani and Gavin Rossdale divorce: One of music industry’s most enduring couples announce split after 12 years of marriage
Dutch King Willem-Alexander declares the end of the welfare state
Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks traffic on Dublin road
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
Landlords renting properties to illegal immigrants to face up to five years in prison
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Labour leadership race: Jeremy Corbyn could be the next Prime Minister, says Ken Clarke
iJobs Money & Business
£35 - £50k DOE: Guru Careers: A Tax Manager / Accountant (ACA / CA / CTA) is n...
£35000 - £37000 per annum + benefits: Ashdown Group: Contracts Executive - Cit...
£20000 - £25000 per annum + OTE £45K: SThree: SThree Group have been well esta...
£21000 per annum: Recruitment Genius: This is an exciting opportunity to join ...