Region: Guinea

BSGR bribed officials, says Guinean government investigation

After a two year investigation, the Guinean government has accused mining company Beny Steinmetz Group Resources (BSGR) of bribing government officials to win mining contracts.

10 April 2014

Investigation finds Beny Steinmetz company paid bribes in Guinea

The Guinean government says a two-year investigation has found that mining company Beny Steinmetz Resources Group (BSGR) won the rights to exploration licences in the country by paying bribes to government officials.

09 April 2014

Hyperdynamics faces securities lawsuit

Investors in oil and gas company Hyperdynamics have accused the company and its most senior directors of providing false and misleading information about the company’s FCPA investigation, according to court documents.

17 March 2014

Tullow Oil declares force majeure following government investigations

Tullow Guinea, a subsidiary of UK-based Tullow Oil, says the discovery that its business partner Hyperdynamics is being investigated by the US Department of Justice (DoJ) and US Securities and Exchange Commission (SEC) means it can no longer fulfil its contractual obligations.

13 March 2014

Additional charge brought in FCPA obstruction case

The man accused of trying to bribe a witness in an FCPA investigation of a mining company has been hit with a further charge of conspiracy. According to court documents, Frederic Cilins, from France, has been accused of conspiring with an unnamed person to obstruct an investigation of an unnamed mining company, which has been accused of paying bribes to win contracts in Guinea.

25 February 2014

DoJ launches FCPA investigation of oil company in Guinea

The US Department of Justice (DoJ) has opened an investigation of oil and gas company Hyperdynamics in connection with possible FCPA and anti-money laundering violations.

18 November 2013

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