To be sure, Sargold bought a troubled gold mine in Sardinia. It was run by a company that left a hellacious mess of four unreclaimed open-pit mines, a leaking cyanide tailings pond and plenty of toxic sludge, but Sargold agreed to take responsibility for cleaning it up. It also promised jobs for the economically depressed region.
But, according to Dougherty’s reporting, Sargold wanted something in return — mining rights in other parts of Sardinia. According to interviews and documents he dug up, any cooperation with cleanup was going to be tied to getting those rights. But in the end, Sargold — which had been overstating the value of its Furtei claims to potential investors — never landed the rights, and it cleaned up just one of the pits before bailing.
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