- BHP Billiton (NYSE:BHP) agrees to pay a $25M fine to settle SEC charges that it violated the Foreign Corrupt Practices Act when it sponsored the attendance of foreign government officials at the 2008 Olympics in Beijing.
- BHP paid for 60 government officials and employees of state-owned employees, mostly from Africa and Asia, and spouses and others to attend the event, valued at $12K-$16K per package.
- BHP neither admitted nor denied wrongdoing in agreeing to settle the civil charges.
BHP pays $25M fine for footing bill for officials to attend Olympics
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