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ASIC joins SEC in Rio action

Australian regulators have joined their US counterparts in starting proceedings against Rio Tinto (LN:RIO), its former CEO Tom Albanese and its former CFO Guy Elliott.

ASIC joins SEC in Rio action ASIC joins SEC in Rio action ASIC joins SEC in Rio action ASIC joins SEC in Rio action ASIC joins SEC in Rio action

Tom Albanese (right) at Mining Indaba 2018

Australia's Federal Court proceedings relate to statements from Rio's 2011 annual report which the Australian Securities and Investments Commission alleges were misleading or deceptive. The repo...