BHP’s Beijing Olympics Outings Broke Bribery Law, SEC Says
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BHP Billiton Ltd. ran afoul of anti-bribery laws when it paid for trips to the 2008 Beijing Summer Olympics for government officials from Africa and Asia, U.S. regulators said Wednesday.
The Australian miner will pay $25 million to settle the Securities and Exchange Commission claims that relate to hospitality packages the company offered to 176 government officials that cost between $12,000 and $16,000 each, according to an SEC statement.