13th Jun 2016 12:32
LONDON (Alliance News) - Sable Mining Africa Ltd on Monday said Chief Executive Officer Andrew Groves has "strongly refuted" any allegation that he has acted unlawfully in relation to Sable's business affairs in Liberia or anywhere else.
In a statement, Sable Mining said Groves confirmed to the board of directors that he has "not personally received any indictment by the grand jury in Liberia and that to date, no evidence has been presented or served to support the allegations against him, as first raised by Global Witness", an environmental and human rights advocacy group
Sable Mining said it was noting recent media comment and speculation regarding allegations of bribery and corruption made against the company in Liberia. The "comment and speculation" included the allegation that Groves has been indicted in Liberia on unspecified charges by the Liberian government, Sable Mining said.
"The company is investigating these matters and taking appropriate legal advice and will keep the market appraised of developments as and when appropriate," Sable Mining said.
Shares in Sable Mining were up 8.9% at 0.300 pence Monday, having jumped to 0.35p earlier.
By Samuel Agini; [email protected]; @samuelagini
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