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ENRC ignored red flags on African mining deals, Dechert lawyer tells court

By Martin Coyle ( June 7, 2021, 12:56 GMT | Insight) -- Eurasian Natural Resources Corporation’s top executives ignored a string of warnings about the risks of acquiring African companies linked to bribery allegations, a lawyer for Dechert told a London court today. Andrew Onslow said that “ENRC ignored the risks” as it pursued the significant rewards of buying out the companies, as he cross-examined the Kazakh miner’s former top lawyer Beat Ehrensberger, who denied the claims. Eurasian Natural Resources Corporation’s top executives ignored a string of warnings about the risks of acquiring African companies linked to bribery allegations, a lawyer for Dechert told a London court today. . . .

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