RIO Tinto and two of its top former executives, including former CEO Tom Albanese, had inflated the value of Mozambique coal assets acquired in 2011 for US$3.7 billion, the Australian Securities and Investments Commission is alleging.
Former Rio Tinto CEO Tom Albanese.
The company sold the troubled hard coking coal assets just three years later for only $50 million. Albanese and former chief financial officer Guy Elliott are alleged to have engaged in misleading and...
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