Posted: Tuesday March 12, 2013 8:36 PM

BHP Billiton denies breaking law in Olympics deal

Decrease font Decrease font
Enlarge font Enlarge font

CANBERRA, Australia (AP) - Global miner BHP Billiton is denying it violated anti-corruption laws through its sponsorship of the 2008 Beijing Olympics.

The Australian Financial Review newspaper reported on Wednesday that the U.S. Justice Department and Australian police are investigating transactions relating to its sponsorship.

The Anglo-Australian company says it has been cooperating with authorities conducting the investigation.

Its statement says, "We believe our Olympics activities complied with all applicable law.''

The newspaper reported the investigation had discovered "suspicious transactions that had been recorded as legitimate business payments'' by BHP Billiton.

 
SI.com
Hot Topics: NBA Playoffs NHL Playoffs NFL schedule LaMarcus Aldridge Michael Pineda Phil Jackson Tiger Woods
TM & © 2014 Time Inc. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Read our privacy guidelines, your California privacy rights, and ad choices.
SI CoverRead All ArticlesBuy Cover Reprint