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SFO investigating Rio Tinto

Jaclyn Jaeger | July 25, 2017

The U.K. Serious Fraud Office confirmed this week it has opened an investigation into suspected corruption by mining company Rio Tinto.

The SFO said the conduct concerns “business in the Republic of Guinea by Rio Tinto group, its employees, and others associated with it.”

As Compliance Week previously reported, Rio Tinto said in a securities filing last year that it became aware on 29 August 2016 of e-mail correspondence from 2011 relating to contractual payments totalling US$10.5 million made to a consultant providing advisory services on the Simandou project in Guinea.

Rio Tinto...

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