Barrick Gold unit is accused of bribery in Tanzania

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold's (ABX +1.5%) African Barrick (ABGLF) unit is accused of bribery over cash payments to Tanzanian government officials as part of a process to buy land near its North Mara gold mine, WSJ reports.

An anonymous person says the payments were bribes to officials; ABX and its unit say the payments were not bribes and were legitimate payments for expenses and allowances tied to an agreement with the Tanzanian government.