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Panama Papers: BHP Billiton unaware of ‘high risk’ review

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The BHP Billiton headquarters in Perth, Australia. (iStock)
The BHP Billiton headquarters in Perth, Australia. (iStock)

Cape Town - BHP Billiton said it was not aware that Panama-based law firm Mossack Fonseca had conducted an internal assessment after the leaked Panama Papers said the firm reviewed two of its British Virgin Islands (BVI) companies it termed “mandatory high risk”.

“Based on a recent review of our historical filings and correspondence, it does not appear that we were aware of this assessment, nor the basis on which the assessment was conducted,” a BHP Billiton spokesperson told Fin24 on Monday.

“Mossack Fonseca was engaged by BHP Billiton in an administrative capacity only,” she said. “Our understanding is that it was provided with information that was necessary to fulfill these activities.”

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