ENRC accused of bribing presidents in Africa
The investigation by the Serious Fraud Office into alleged corruption at the miner Eurasian Natural Resources will scrutinise allegations including "payments to African presidents", $35m of "misappropriated" cash and "document destruction".
The claims, vehemently denied by ENRC, were made in a leaked letter from the law firm Dechert to ENRC after the firm had been dismissed from leading an internal inquiry.
Last week, the SFO began a criminal investigation into "allegations of fraud, bribery and corruption relating to the activities of the company or its subsidiaries in Kazakhstan and Africa". This followed the sacking of Dechert by ENRC and the resignation of the mining group's chairman, Mehmet Dalman. The SFO is expected to compel Dechert to hand over documents from its ENRC inquiry.
In the letter, dated 12 April, Dechert's investigation into ENRC's purchase of a copper mine in Democratic Republic of Congo in 2010 allegedly found "evidence that documents had been falsified … and that $35m [£23m] had been misappropriated". Dechert also allegedly discovered "documentary evidence regarding the making of cash payments to African presidents" related to its acquisition of a copper smelter in Zambia.
An ENRC spokesman said it is "committed to a full and transparent investigation of its procedures and conduct. An SFO investigation is being undertaken and therefore ENRC is unable to comment on ongoing investigations".
Dechert declined to comment.
- 1 Tourist films plane's descent just metres above packed Caribbean beach
- 2 Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
- 3 World Book Day: Boy 'excluded' from school after dressing up as Fifty Shades' Christian Grey
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 GamerGate: developer Tim Schafer provokes rage with joke about online gaming activists at industry awards
Tourist films plane's descent just metres above packed Caribbean beach
Indian woman creates 'Marriage CV' after parents put her on dating site: 'Definitely not marriage material. Won’t grow long hair, ever'
Isis 'bulldozes' Nimrud: UNESCO condemns destruction of ancient Assyrian site as a 'war crime'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Westboro Baptist Church couldn't picket Leonard Nimoy's funeral because they didn't know where it was
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
End of the licence fee: BBC to back radical overhaul of how it is funded
Elif Shafak: Turkish author warns against rise of British nationalism
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£12 - £15 Hourly Rate: Jemma Gent: In this role you will report to the Head of...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...