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...