6/25/12

Cardero (CDY) (CDU.to) investigated by the RCMP

Now there's a shocking surprise. This morning Cardero Resources (CDY) (CDU.to), the perennial underperforming dog at the centre of Henk van Alphen's Cardero Group mini-Empire, announced it was a squeaky clean corporate wonder of an entity in this NR.

That doesn't pan with this post in this blog from Ghana (the one indicated in CDU's NR it seems), which explains the company is under investigation for the bribery of a government official. Here's an extract, click through for more (and there's lots more):

The Royal Canadian Mounted Police (RCMP), a Canadian Anti-Corruption Agency, has launched investigations into the activities of Cardero Resources Corporation, herein referred to as Cardero Resources Ghana limited which is currently working on the Sheini Iron Ore Concession in the Zabzugu/Tatale District of the northern region for their alleged “involvement in illegal business deals,” the Enquirer can confirm.
The allegations labeled against the company and its Ghanaian partners, Emmaland Resources Ghana Limited, the Enquirer can report are related to bribery and corruption, disregards to laws of Ghana and manipulation of Ghanaian public officials regarding Sheini Iron Ore concession.
The anti-corruption agency launched the investigations when