fraud and corruption allegations

Ecuador’s president Lenin Moreno has been implicated in an offshore tax haven corruption scandal, casting his future into doubt.

The Resources Regulator Lee Shearer revealed in a Budget Estimates hearing on September 1 that it is investigating whether Korean mining company KEPCO is fit and proper to hold a mining licence in New South Wales, after serious international fraud and corruption allegations against the company were made.

KEPCO is proposing to develop two open-cut coalmines in the beautiful Bylong Valley, about 55 km north-east of Mudgee in north-western NSW. The mine is expected to produce up to 6.5 million tonnes of coal a year for 25 years, commencing early next year.

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