In a statement on Tuesday June 10th, the Company said the investigation by Herbert Smith and Freehills (HSF) and Deloitte, with oversight by an Independent Board Committee, confirmed that no Australian foreign bribery law had been breached.
The investigation was conducted following several articles published by the Australian Financial Review (AFR) in February this year claiming the deal between Horizon and Elevala Energy nine years ago raised concerns of ‘illicit payments’ and ‘bribes.’
