Report finds “no evidence” SQM bribed officials

By Myles McCormick
Published: Wednesday, 16 December 2015

An inquiry carried out by a US law firm said that while a number of authorised payments were under-documented and the company’s books lacked accuracy, there was no indication that payments caused authorities to act unduly favourably towards the Chilean producer of lithium, potash and iodine.

An investigation the activities of Chilean lithium producer Sociadad de Quimica y Minera SA (SQM) by US law firm Shearman and Sterling LLP found no evidence that the company was engaged in the bribery of public officials.

The report identified a number of payments authorised by the miner’s former CEO, Patricio...

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