BHP Billiton Limited
(ASX:BHP) has been fined $US25 million following an investigation by the US Securities and Exchange Commission which started in 2009.
The investigation centred around hospitality provided by the diversified mining giant to government officials at the 2008 Beijing Olympic Games.
While there were no findings of bribery or corrupt intent BHP was found to have failed in devising and maintaining sufficient internal controls over its global hospitality program.
BHP has advised it continues to cooperate with the Australian Federal Police who are still investigating the matter.
BHP Billiton reported a net profit of $5.84 billion in the first half of the 2015 financial year.
