Sundance Resources was accused of bribing government officials in the Republic of Congo to progress an iron ore venture that was set to be one of the biggest projects in Africa.
Federal police have quietly dropped a years-long investigation into an Australian mining company once accused of bribing government officials in the Republic of Congo.almost a decade ago that the firm may have bribed the country’s president, as well as the mines and geology minister, to progress an iron ore venture that was set to be one of the biggest projects in Africa.
But Transparency International Australia chief executive Clancy Moore is not surprised the probe hit a stalemate. It was just the latest allegation, he said, that was put in the too-hard basket. The OECD has been repeatedly warning about Australia’s failure to properly enforce and adequately punish the bribing of foreign officials. The AFP told federal parliament that foreign bribery investigations were often hampered by a range of factors, including complex corporate structures, and complicated because of difficulties in obtaining evidence from the country in which the alleged crime occurred.
“The Australian Federal Police’s decision to drop the investigation does not undermine Australian citizens’ security, it speaks out loud: ‘Fear not kleptocrats of the world, you’re safe here. Australia is open to corruption’,” Ngombet said. “We are still in the process of building the mining sector so it is very important to us knowing the truth,” Nguiffo said. “It will help improve future operations. When mining contracts are signed, they’re signed for 25 to 30 years, so you better have it fixed from the beginning so generations don’t suffer from bad decisions.”
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