The U.K. Serious Fraud Office induced the disgruntled former compliance chief of Eurasian Natural Resources Corp. to break legal privilege and reveal internal efforts to investigate and clean up corruption, the mining company said in a new court filing.
Provided by Business Wire
Jan 29, 2021 1:30 PM UTC
Pentwater Urges a Halt to Rio Tintoâs Attempt to Obstruct Turquoise Hillâs Financing and Governmental Discussions
Pentwater Capital Management LP ( Pentwater ), the largest minority shareholder of Turquoise Hill Resources Ltd. ( Turquoise Hill or the Company ) (TSX:TRQ) (NYSE:TRQ), urges regulators, including the U.S. Securities Exchange Commission (âSECâ), to carefully consider Rio Tintoâs alleged breach of securities laws and continued improper actions involving Turquoise Hill.
Just over a week ago, a Federal District Court in the Southern District of New York appointed Pentwater as lead Plaintiff in a class action lawsuit against Rio Tinto. That lawsuit outlines how Rio Tinto violated federal securities laws by failing to timely disclose its knowledge of the massive cost overrun and schedule delay at the Oyu Tolgoi mine which is 66% owned by Turquoise Hill.
Former Petrofac Executive Pleads Guilty To Bribery Offenses
LONDON (dpa-AFX) - The U.K. s Serious Fraud Office said that a former employee of Petrofac has admitted additional charges under the UK Bribery rule. The charges relate to three contract awards in the UAE in 2013 and 2014.
Petrofac confirmed that no charges have been brought against any Group company or any other officers or employees.
A small number of former Petrofac employees are alleged to have acted together with the individual concerned, although none have been charged. No current Board member of Petrofac is alleged to have been involved, Petrofac said in a statement.
Provided by Dow Jones
By Dylan Tokar The last-minute trade deal between the U.K. and European Union has helped stave off a potentially turbulent disruption in key law enforcement and security priorities between the two sides. The U.K. s departure from the EU means the country has lost access to certain law enforcement tools and privileges available only to EU member states, including access to Europol, the EU s law enforcement agency. With the deal, which was approved by lawmakers late last month and took effect Jan. 1, the U.K. has attempted to negotiate new processes for handling crucial law enforcement activities such as cross-border information-sharing, arrests and extraditions.
MINNEAPOLIS, Jan. 12, 2021 /PRNewswire/ Society of Corporate Compliance and Ethics (SCCE)(R) will host the 9th Annual European Compliance and Ethics Institute, virtually, 15-17 March 2021 in Central European