ILUKA RESOURCES

INDUSTRY

Extractive Industries/Mining/Oil & Gas

CORPORATE HEADQUARTERS

Perth, Australia

SUMMARY OF ALLEGATIONS

Nationality of Foreign Officials: Sierra Leone

Summary of Allegations:

Australian mining company Iluka Resources acquired Sierra Rutile Ltd. in December 2016, and undertook a post-acquisition investigation into the company's operations in Sierra Leone. The corruption allegations uncovered by Iluka suggest that Sierra Rutile's former chief executive, John Sisay, approved bribe payments to senior government officials to secure mining licenses inherited by Iluka. Reports allege that an AUD 110,000 bribe payment was funnelled via a West African logistics company, Imatrix 101 Ltd, and deposited in a third party bank account. An amount of AUD 110,000 was separately paid by Sierra Rutile to Imatrix, according to company invoices.

The inquiry has also implicated Sierra Leone cabinet minister Diana Konomanyi, after it was discovered Sierra Rutile spent more than AUD 50,000 to provide her with international flights. Ms Konomanyi is reportedly considering becoming Mr Sisay's running mate in the presidential campaign.


Approximate Alleged Payments to Foreign Officials: AUD 220,000

Business Advantage Allegedly Obtained: Mining licenses in Sierra Leone.

ENFORCEMENT RESULTS

Agencies: Sierra Leone: Unspecified
Results:
Year Resolved:
Compliance Monitor:
Ongoing: Yes
Details:

Fairfax Media states that, in an exclusive interview, the director of Sierra Leone's corruption commission, Ady Macauley, has told Fairfax Media that he had launched his own bribery inquiry into Sierra Rutile's activities. The corruption commission has informed Iluka's management that they have commenced an investigation.

 



Agencies: United Kingdom: Serious Fraud Office
Results:
Year Resolved:
Compliance Monitor:
Ongoing: Yes
Details:

The Serious Fraud Office is reportedly investigating allegations of bribery of Sierra Leonean officials overseen by John Sisay.



ENTITIES/INDIVIDUALS INVOLVED

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