Sable Mining boss refutes corruption allegations

Resources company Sable Mining made an announcement to the market on Monday, over recent press comment and speculation regarding allegations of bribery and corruption made against the company in Liberia.

The AIM-traded firm said one allegation is that CEO Andrew Groves has been indicted in Liberia on unspecified charges, by the Liberian government.

“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’s board said in a statement.

“The company further notes that Mr Groves has confirmed to the board 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,” it added.

In addition, Sable said Groves has strongly refuted any allegation that he has acted unlawfully in relation to Sable’s business affairs in Liberia, or elsewhere.

At 1420 BST, shares in Sable Mining were ahead by 1.63% at 0.28p.