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View Full Version : Rio faces fraud charges on $3.7bn Mozambique coal deal - Fin24



FraudNews
10-18-2017, 11:50 AM
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Fin24 (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHOtiAshM8hO3VovefURACGn4pHPg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=http://www.fin24.com/Companies/Mining/rio-faces-fraud-charges-on-37bn-mozambique-coal-deal-20171018)


Rio faces fraud charges on $3.7bn Mozambique coal deal (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHOtiAshM8hO3VovefURACGn4pHPg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=http://www.fin24.com/Companies/Mining/rio-faces-fraud-charges-on-37bn-mozambique-coal-deal-20171018)
Fin24
US authorities filed fraud charges against London-based Rio, former Chief Executive Officer Tom Albanese and ex-Chief Financial Officer Guy Elliott, claiming they inflated the value of the coal assets acquired in 2011. The unit was sold for $50m in ...
SEC charges Rio with fraud for late coal write-down disclosure (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHcnqBJSTtH3CylVIzeeime4ove2A&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=http://www.miningmx.com/top-story/30725-sec-charges-rio-fraud-late-coal-write-disclosure/)Mining MX
Mining giant Rio Tinto, two ex-chiefs charged with fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHkiWE2HqJqoxPd5H00pAcUCy89Cw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=https://citizen.co.za/news/news-africa/1693497/australia-mining-riotinto-fraud/)Citizen
Rio Tinto charged with fraud in US and fined £27.4m in UK (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNEnGFZPbkLxrBGX29dCV9QRbFx4Pg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=https://www.theguardian.com/business/2017/oct/18/rio-tinto-charged-with-in-us-and-fined-274m-in-uk)The Guardian
Financial Times (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFmIW0Sq0TDlPKSn6zTSje-DTAWRA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=https://www.ft.com/content/163f2e3c-b38a-11e7-a398-73d59db9e399) -CNBC (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGjOXV5Ii72C1zWx-FkzeKg-ZaXSg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=https://www.cnbc.com/2017/10/17/us-sec-charges-rio-tinto-former-top-executives-with-fraud.html) -BBC News (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNH8_UfVsEYY-tjhQOEohvBkACc32Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=http://www.bbc.com/news/business-41661628) -SEC.gov (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGKadreqOq1PcU8ts-58OZW7RquaQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779641368014&ei=B0DnWZi8E8m23gH2i73QDA&url=https://www.sec.gov/news/press-release/2017-196)
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