BVI company accused of bribery in Liberia

BVI-incorporated company Sable Mining was indicted on bribery, along with Liberia government officials. The grand jury of the country accused the defendants, among which there is the AIM-listed BVI company, of bribery among other crimes, having alleged them of conspiring to use their positions to amend Liberia’s public procurement and concessions law. The President ordered an inquiry into Sable’s acquisition of an iron ore concession in northern Liberia.

The defendants were alleged of changing the law to give the power to the Minister of Lands, Mines and Energy to declare a concession area as a non-bidding area. It was not said what kind of benefits the BVI company could get from the change of the law, however the watchdog Global Witness claimed that the amendment allowed the company to win the concession without a tender. Sable Mining did not give any comments on the allegations, covering a period including 2010 and 2011.

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