Finance > Regulation

ASIC action against Rio, Albanese, Elliot expanded

The legal proceedings against Rio Tinto, its former CEO Tom Albanese, and its former CFO Guy Elliott have been expanded by the Australian Securities and Investments Commission (ASIC).

*Kristie Batten

Finance > Regulation

ASIC action against Rio, Albanese, Elliot expanded

The legal proceedings against Rio Tinto, its former CEO Tom Albanese, and its former CFO Guy Elliott have been expanded by the Australian Securities and Investments Commission (ASIC).

*Kristie Batten

ASIC action against Rio, Albanese, Elliot expanded

Tom Albanese (right) could not say much about the matter at this year's Mining Indaba

Dave Hann Photography

In March, ASIC launched Federal Court proceedings relating to statements in Rio's 2011 annual report that were allegedly misleading or deceptive.