The UK Serious Fraud Office filed its annual report for the year ended March 31, 2015 with the government Tuesday.
Entries in ENRC plc (5)
Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.
Prosecutors in Romania launched a criminal investigation into foreign-controlled Rosia Montana Gold Corporation (RMGC), the company operating the largest open-pit gold mine in Europe. The investigation is focusing on money laundering and tax evasion, according to a report by the Organized Crime and Corruption Reporting Project here.
Listing shares internationally often carries unwelcome regulatory and compliance risks. This was recently highlighted by the SFO’s corruption probe into the London-listed Kazakh miner ENRC, shortly to be delisted, as well as probes into Indonesia miner and London-listed Bumi plc, and most recently by the SEC’s investigation of South Africa’s Gold Fields, which has a secondary New York listing.
The U.K. Serious Fraud Office said Thursday it has launched a criminal investigation of London-listed mining company ENRC plc.