BHP Billiton in corruption probe on Beijing Olympics
The US government is investigating the world's biggest mining firm, BHP Billiton Ltd, for possible corrupt practices, BHP confirmed, after reports said it was being probed for its sponsorship of the 2008 Beijing Olympics.business Updated: Mar 13, 2013 21:28 IST
The US government is investigating the world's biggest mining firm, BHP Billiton Ltd, for possible corrupt practices, BHP confirmed, after reports said it was being probed for its sponsorship of the 2008 Beijing Olympics.
Australia's Fairfax Media reported the US 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 US 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 office hours on Tuesday.
Australian police confirmed they had been working with foreign counterparts and local regulators on Australian aspects of the US investigation.
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 the 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.
First Published: Mar 13, 2013 21:27 IST