U.S. SEC paid $3.75 million to BHP Billiton whistleblower: report
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
A logo for mining company BHP Billiton adorns a sign outside the Perth Convention Centre where their annual general meeting was being held in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
MELBOURNE (Reuters) - The U.S. Securities and Exchange Commission paid a BHP Billiton (NYSE: BHP) (NYSE: BLT) insider $3.75 million for detailed information in an investigation into alleged bribery of Asian and African officials, the Australian Financial Review reported on Monday.
Citing legal sources, the newspaper report said it was the first time an employee of an Australian company had received a U.S. whistleblower bounty.
BHP last year settled the SEC case, paying $25 million to resolve charges it violated a U.S. anti-bribery law by failing to properly monitor a program in which it paid for dozens of foreign government officials to attend the 2008 Olympics in Beijing.
The Australian Financial Review said it did not spell out the evidence that the whistleblower disclosed because it wanted to protect the person's identity.
BHP Billiton said on Monday it had fully co-operated with the SEC inquiry and a subsequent investigation by the U.S. Department of Justice (DOJ).
"We are not aware of the involvement of any whistleblower as part of the SEC's or DOJ's investigation," BHP said in an emailed statement to Reuters.
"We respect and fully support protections for all whistleblowers and the importance of providing confidential avenues for reporting," the company said.
The world's biggest miner remains under investigation by the Australian Federal Police over the matter.
(Reporting by Sonali Paul; Editing by Andrea Ricci and Richard Pullin)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Caterpillar (CAT) Offers FY17 Guidance Update at Credit Suisse Conference
- Atkore International Group (ATKR) Files 8M Share Common Stock Shelf for Shareholder
- GlobalStar (GSAT) to Offer 8M Shares
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!