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ENRC sees "amicable conclusion" to African probe in 2013

Source: Thomson Reuters Foundation - Mon, 10 Dec 2012 10:42 GMT
Author: Reuters
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    LONDON, Dec 10 (Reuters) - Kazakh miner ENRC <ENRC.L> said on Monday it expected an internal inquiry into allegations of corruption at its international operations to reach an "amicable conclusion" in the first quarter of next year.

   ENRC Chairman Mehmet Dalman told analysts on a conference call that most of the data gathering for the investigation had been completed and there were no elements causing concern.

   London-listed ENRC has two separate independent probes ongoing following whistleblower allegations, one focused on Kazakhstan and one on its international business, predominantly Africa.

   The results of the first have been presented verbally to Britain's Serious Fraud Office. 

(Reporting by Clara Ferreira-Marques; Editing by Keith Weir)

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