Defendant Name:
BHP Billiton Plc
Defendant Type:
Public Company
SIC Code:
1011
CUSIP:
05545E20
Document Reference:
34-74998
Document Details
Legal Case Name
In the Matter of BHP Billiton Ltd. and BHP Billiton Plc
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
20-May-2015
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On May 20, 2015, the SEC instituted settled administrative proceedings against BHP Billiton Ltd. and BHP Billiton Plc. According to the SEC: "This matter concerns BHPB's failure to devise and maintain sufficient internal controls over a global hospitality program that the company hosted in connection with its sponsorship of the 2008 Beijing Summer Olympic Games....As a result, BHPB invited government officials who were directly involved in, or in a position to influence, pending contract negotiations, efforts to obtain access rights, regulatory actions, or business dealings affecting BHPB in multiple countries."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
Various undertakings
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
Shared:
$25,000,000.00
Shared with: BHP Billiton Ltd.
Other Defendants in Action:
