by Anti-Corruption Digest | Jul 5, 2019 | Governance and Ethics, Latin America |
Richards is retiring from Rio Tinto at the end of this year. Italian citizen Levi joined Novartis in 2004. She was general counsel at Novartis subsidiary Sandoz from 2016-2019 and was previously global legal head with Pharma. She was also head of the anti-bribery and...
by Anti-Corruption Digest | Jul 5, 2018 | Anti-Corruption, Asia |
Former Rio Tinto’s head of iron ore business in China, Stern Hu, has been released Wednesday after spending nearly nine years in prison in Shanghai, following a 2010 conviction for corruption and industrial espionage. The Australian citizen and three of his Chinese...
by Anti-Corruption Digest | Jan 25, 2018 | Africa |
Only days after the company, along with former chief executive Tom Albanese and former chief financial officer Guy Elliott, filed their defence with the US District Court in Manhattan, the Securities and Exchange Commission (SEC) said it would push ahead with the...
by Anti-Corruption Digest | Oct 26, 2017 | Anti-Corruption |
Australia’s corporate watchdog has signalled it will take legal action against Rio Tinto and its executives over suspected frauds involving the miner’s botched Mozambique investment. Australian Securities and Investments Commission chairman Greg Medcraft...
by Anti-Corruption Digest | Oct 25, 2017 | Anti-Corruption |
Seattle-based Hagens Berman Sobol Shapiro LLP said in a statement released in Australia on Tuesday it filed the suit on behalf of purchasers of Rio Tinto American Depositary Receipts (ADRs) between Oct. 23, 2012 and Feb. 15, 2013 in the U.S. District Court for the...
by Anti-Corruption Digest | Oct 20, 2017 | Anti-Corruption |
It’s much more proactive, it goes in hard, it doesn’t just target companies for their misdeeds, but the individual perpetrators. Think Enron where the chief financial officer and chief accountant went to jail. Former NASDAQ boss and ponzi scheme operator...
by Anti-Corruption Digest | Oct 19, 2017 | North America |
The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million....
by Anti-Corruption Digest | Oct 19, 2017 | Europe |
RIO Tinto and two of its most senior former leaders, including a chief executive, have vowed to “vigorously defend” themselves against fraud charges lodged by the powerful US corporate regulator. The allegation of fraud from the Securities and Exchange Commission...
by Anti-Corruption Digest | Oct 18, 2017 | North America |
Rio Tinto and two former senior executives were hit with US fraud charges, and the miner with a UK penalty, on Tuesday for allegedly trying to hide a multibillion-dollar business failure by inflating the value of coal assets in Mozambique. In a civil complaint filed...
by Anti-Corruption Digest | Jul 26, 2017 | Anti-Corruption |
Canada’s oilsands have been sucked into the bitter legal fight around Exxon and climate change. That’s what National Observer’s Carl Meyer reported last week, after spending days going through documents to uncover a major development in the #Exxonknew saga....
by Anti-Corruption Digest | Jul 26, 2017 | Europe |
Rio Tinto’s Guinea scandal, which has already cost the jobs of two senior executives, has escalated with Britain’s Serious Fraud Office declaring it suspects there may have been corrupt conduct by the miner, its employees and associates. As a result, the SFO said it...
by Anti-Corruption Digest | Jul 26, 2017 | Latin America |
The Serious Fraud Office has opened a corruption investigation in to Rio Tinto’s activities in Guinea nine months after the mining giant reported itself to authorities in the UK and the US. The probe will focus on alleged multi-million pound bribery payments made in...
by Anti-Corruption Digest | Jul 25, 2017 | Anti-Corruption |
Investigations into Rio Tinto’s payments to a contractor in Guinea have taken a dramatic step forward, with Britain’s Serious Fraud Office (SFO) declaring it suspects there has been corruption in dealings by the miner, its employees and others associated with it. Rio...
by Anti-Corruption Digest | Jun 28, 2017 | Governance and Ethics |
In the wake of yet another Rio Tinto director resignation under a scandal-heavy cloud it’s only fair to ponder whether this company is accident-prone, unlucky or if there is a bigger underlying governance malfunction behind its series of poor director and senior...
by Anti-Corruption Digest | Jun 26, 2017 | Governance and Ethics |
In the wake of yet another Rio Tinto director resignation under a scandal-heavy cloud it’s only fair to ponder whether this company is accident-prone, unlucky or if there is a bigger underlying governance malfunction behind its series of poor director and senior...
by Anti-Corruption Digest | Nov 28, 2016 | Anti-Corruption |
The Australian Federal Police has yet to decide whether to investigate Rio Tinto over the Guinea corruption scandal that has seen two senior executives sacked and the reputations of former chief executives Sam Walsh and Tom Albanese tarnished. The AFP, which has a...
by Anti-Corruption Digest | Nov 28, 2016 | Africa |
When Jean-Sebastien Jacques, the charming French-born chief executive of global mining giant Rio Tinto, came to Australia this week to lay out his new strategy, he could not shake off the company’s African corruption scandal. His two primary goals on the trip...
by Anti-Corruption Digest | Nov 24, 2016 | Africa |
A Rio Tinto Group executive asked how big a bribe it would take to beat out a competitor for a hotly contested iron ore deposit in Guinea, the country’s former mining minister said, adding a new accusation of graft just days after the world’s second-biggest miner...
by Anti-Corruption Digest | Nov 22, 2016 | Africa |
Jan du Plessis, the South African chairman of Rio Tinto, had issued a three-line whip. All 10 other board members of the world’s second-largest mining company were ordered to fly to London from various corners of the globe for a 9am start last Monday. No one was...
by Anti-Corruption Digest | Nov 15, 2016 | Anti-Corruption |
Mining giant Rio Tinto said this week that it has suspended Alan Davies, who was appointed chief executive of its energy and minerals division earlier this year, after uncovering potentially corrupt payments made to a consultant who was providing advisory services on...
by Anti-Corruption Digest | Nov 14, 2016 | Anti-Corruption |
Rio Tinto PLC said an executive stepped down and another was suspended in connection with a company investigation into emails that reference $10.5 million of payments made to a consultant for helping to acquire rights to iron-ore deposits in Guinea. Read Full...
by Anti-Corruption Digest | Nov 11, 2016 | Europe |
Mining giant Rio Tinto has been engulfed in a £9m bribery scandal leading to the suspension of an executive. Its energy and minerals chief Alan Davies, who was paid £3.4m last year, has been suspended after emails surfaced allegedly relating to bribery in 2011. These...
by Anti-Corruption Digest | Nov 11, 2016 | Latin America |
Global mining giant Rio Tinto has been plunged into a bribery scandal after discovering multimillion-dollar payments to a contractor relating to a project in Guinea, West Africa. The FTSE 100 company has suspended Alan Davies, the executive in charge of its energy...
by Anti-Corruption Digest | Nov 10, 2016 | Anti-Corruption |
Shareholders in Rio Tinto will today be asking the same question that must be on the minds of investigators in US, UK and Australia – how did a company of Rio’s calibre get tangled up in a corruption payment scandal in a country known to be corrupt from top to...
