BHP Billiton denies breaking law in Olympics deal

Global miner BHP Billiton is denying it violated anti-corruption

laws through its sponsorship of the 2008 Beijing Olympics.

The Australian Financial Review newspaper reported on Wednesday

that the U.S. Justice Department and Australian police are

investigating transactions relating to its sponsorship.

The Anglo-Australian company says it has been cooperating with

authorities conducting the investigation.

Its statement says, ”We believe our Olympics activities

complied with all applicable law.”

The newspaper reported the investigation had discovered

”suspicious transactions that had been recorded as legitimate

business payments” by BHP Billiton.