BHP Facing Charges from US over Beijing Games 'Corruption'

The Evening Standard (London, England), August 16, 2013 | Go to article overview

BHP Facing Charges from US over Beijing Games 'Corruption'


Byline: Nick Goodway

LONDON-LISTED mining giant BHP Billiton today said it has been warned it could face enforcement action by US authorities over alleged breaches of anti-corruption laws. The move relates partly to corporate hospitality it laid on for the Beijing Olympics.

The Securities and Exchange Commission and US Department of Justice have been investigating BHP since 2009 over exploration projects that have been terminated and hospitality given at the Beijing Games in 2008, where the miner was a major sponsor and supplier of the metals for the medals.

"As a part of the US process, the SEC and DoJ have recently notified the group of the issues they consider could form the basis of enforcement actions and discussions are continuing," BHP said.

"The issues relate primarily to matters in connection with previously terminated exploration and development efforts, as well as hospitality provided as part of the company's sponsorship of the 2008 Beijing Olympics." It said it could not comment on what the possible outcome of the enforcement might be, or the scale of penalty. It could face multi-million-dollar fines.

French oil major Total recently agreed to pay $398 million ([pounds sterling]256 million) to settle US criminal and civil allegations that it paid $60 million in bribes to win oil and gas contracts in Iran over a nine-year period.

Levels of penalty for breaching the US Foreign Corrupt Practices Act vary depending on the length of time and depth of the violations, the financial benefits made by the company and its co-operation with the authorities during an investigation. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

BHP Facing Charges from US over Beijing Games 'Corruption'
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.