ASIC expands action against Rio

THE Australian Securities and Investments Commission has expanded its legal proceedings against Rio Tinto, its former CEO Tom Albanese, and its former chief financial officer Guy Elliott.

ASIC expands action against Rio ASIC expands action against Rio ASIC expands action against Rio ASIC expands action against Rio ASIC expands action against Rio

Tom Albanese at Mining Indaba 2018. Image: Dave Hann Photography

In March, ASIC launched Federal Court proceedings relating to statements in Rio's 2011 annual report that were allegedly misleading or deceptive.