ASIC makes further allegations against Albanese, Elliott

RIO Tinto’s US$3.7 billion purchase of Mozambique coal assets in 2011 continues to haunt it as former chief executive officer Thomas Albanese and former chief financial officer Guy Elliott have been hit with fresh allegations from the Australian Securities and Investments Commission.

ASIC makes further allegations against Albanese, Elliott ASIC makes further allegations against Albanese, Elliott ASIC makes further allegations against Albanese, Elliott ASIC makes further allegations against Albanese, Elliott ASIC makes further allegations against Albanese, Elliott

Tom Albanese is facing fresh allegations over Rio Tinto Coal Mozambique.

Rio Tinto, Albanese and Elliott were charged by ASIC on March 2 in relation to statements Rio Tinto made in its annual report for 2011, which ASIC alleges were misleading or deceptive.

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