The U.S. Securities and Exchange Commission (SEC) has dropped its case against Rio Tinto’s former chief financial officer, who has battled charges for eight years.
In 2017, the SEC alleged that mining company Rio Tinto, its then-CFO Guy Elliott, and former chief executive Thomas Albanese for failing and delaying to disclose that the value of the company’s coal assets in Mozambique had significantly decreased, according to the complaint, filed in U.S. District Court for the Southern District of New York.
