BHP Fined $25m in Olympics Probe

Mineweb reported that BHP Billiton Plc (NYSE:BHP) would pay $25 million fine for violating a U.S. anti-bribery law by failing to monitor a program during the 2008 Summer Olympics in Beijing.

As quoted in the market news,

The accord resolves U.S. Securities and Exchange Commission charges that BHP, one of the world’s biggest mining companies, violated the Foreign Corrupt Practices Act when it sponsored the attendance of officials who were “directly involved with, or in a position to influence” its business and regulatory affairs.

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