Region: Guinea

Hyperdynamics settles FCPA case with SEC for US$75,000

US oil and gas exploration company Hyperdynamics has agreed to pay US$75,000 to settle charges brought by the the US Securities and Exchange Commission that it failed to accurately record payments made by a subsidiary based in the Republic of Guinea, the agency revealed in a release on 29 September .

30 September 2015

Swiss authorities carry out interviews in BSGR bribery probe

Prosecutors in Geneva said on 10 July that they have questioned witnesses in the Republic of Guinea as part of their investigation into whether mining company Beny Steinmetz Group Resources paid bribes to officials to gain rights to the world’s biggest iron-ore deposits in the west African country, according to reports.

13 July 2015

UK gives Vale partial access to Rio Tinto intel

As a fraudulent conspiracy case between mining companies Rio Tinto and Vale rumbles on in the US, an English judge has granted Vale access to business intelligence reports commissioned by Rio Tinto in which the identity of whistleblowers has been redacted.

02 July 2015

BSGR fails in “extraordinary” SFO challenge

The High Court of Justice of England & Wales has rejected mining company BSGR’s attempt to prevent the SFO from complying with a mutual legal assistance (MLA) request from Guinea.

11 May 2015

Louis Freeh investigating BSGR bribery allegations

The trust controlling mining company Beny Steinmetz Group Resources (BSGR) has hired Pepper Hamilton partner Louis Freeh in New York to conduct an internal investigation of bribery allegations, according to The Economist.

11 December 2014

BSGR seeks to delay discovery in Rio Tinto RICO case

Mining company Benz Steinmetz Group Resources (BSGR), which is fighting a Rio Tinto lawsuit alleging BSGR robbed Rio Tinto of mining rights in Guinea, has asked for a delay in discovery as it seeks to dismiss the case.

09 October 2014

BSGR owner starts internal corruption investigation

The trust governing Beny Steinmetz Group Resources (BSGR) has begun an internal investigation of allegations that it bribed officials to gain mining rights in Guinea, a source has told Bloomberg.

11 September 2014

Guinea bribery case taken to arbitration

A Guernsey-based company has made good on its threat to bring an ICSID claim against Guinea over the revocation of mining rights in the wake of a bribery investigation. By Douglas Thomson.

11 September 2014

Cilins gets two years for obstructing FCPA case

French citizen Frédéric Cilins has been sentenced to two years in prison for obstructing a bribery investigation into the award of mining rights in the Republic of Guinea, the US Department of Justice (DoJ) has announced.

28 July 2014

DoJ seeks three years for FCPA obstruction

The US Department of Justice has asked a federal judge to sentence French national Frédéric Cilins to three years’ imprisonment for attempting to obstruct an FCPA investigation, as a lengthy sentence would “punish his conduct fairly”.

22 July 2014

Get unlimited access to all Global Investigations Review content