How anti-graft banks, miners dealt with bribing billionaire

Some of Australia’s biggest companies boast of combating graft. Then came a Chinese billionaire who testified to paying bribes for Aussie iron ore.

Liam Walsh and Neil Chenoweth

Oct 5, 2021 – 7.18pm

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ANZ, which boasts of “combating” corruption, provided banking services for years to a business controlled by a Chinese billionaire who had earlier testified to paying bribes for Australian iron ore.

Mining giant Fortescue Metals, which signed a pact dedicated to fighting graft, can also be revealed as dealing directly with a business owned by Du Shuanghua. Rio Tinto has also been selling iron ore to Du’s company and BHP has sold coking coal, as detailed in The Australian Financial Review.

Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane.

Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards.