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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Stephen D. French who wrote (27244)10/8/1997 9:57:00 PM
From: Teddy   of 28369
 
Wednesday October 8 9:38 AM EDT

Bre-X geologist de Guzman a fall guy, says kin

MANILA, Oct 8 (Reuter) - Family of Filipino geologist Michael de Guzman said on Thursday he was being blamed for the
Busang gold swindle because he was dead and could not defend himself from the grave.

''All these half-baked reports...are silly. This is just to pin down somebody who is six feet below the ground who cannot
defend himself,'' de Guzman's younger brother, Simplicio, said.

On Tuesday, investigators hired by the Canadian firm Bre-X Minerals Ltd (BXM.TO) said de Guzman led a group of
employees who salted samples from its Busang site in the jungles of Indonesia over a four-year period.

''I think (the report) was very partial,'' Simplicio said by telephone.

Bre-X became the darling of the mining world after it claimed its Busang property contained at least 70 million ounces of gold
valued at $25 billion.

The claim turned into a hoax after an independent audit firm found that the Busang data had been falsified on a scale
unprecedented in mining history.

De Guzman fell mysteriously to his death in March this year while flying in a helicopter to Busang shortly before the hoax was
uncovered.

The family of de Guzman have said they do not believe he killed himself and questioned an Indonesian police report saying he
committed suicide.
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