Iluka revealed its own bribery scandal

Original article by Nick McKenzie, Richard Baker
The Australian Financial Review – Page: 1 & 10 : 16-Aug-17

Mineral sands miner Iluka Resources is the latest Australian company to become caught up in a bribery probe. The allegations centre on Sierra Rutile, which Iluka acquired in 2016, and Iluka informed international authorities as soon as it became aware of the potential scandal. Amongst other things, it has been alleged that former Sierra Rutile CEO John Sisay facilitated the payment of bribes to government officials in Sierra Leone to obtain mining licences that were subsequently transferred to Iluka. Sisay is seeking to become the next president of Sierra Leone.

CORPORATES
ILUKA RESOURCES LIMITED – ASX ILU, SIERRA RUTILE LIMITED, FREEHILLS PTY LTD, GREAT BRITAIN. SERIOUS FRAUD OFFICE, RIO TINTO LIMITED – ASX RIO, CIMIC GROUP LIMITED – ASX CIM, GETAX AUSTRALIA PTY LTD, SUNDANCE RESOURCES LIMITED – ASX SDL, SMEC AUSTRALIA PTY LTD, TENIX PTY LTD, UNIVERSITY OF LONDON, IMATRIX 101 LIMITED

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