October 18, 2017 BY Valentina Kirilova

SEC charges mining company Rio Tinto and former Executives with fraud

The Securities and Exchange Commission (SEC) anounced that it has charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s complaint, which was filed in federal court in Manhattan, alleges that…

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