UK Serious Fraud Office opens Rio Tinto investigation

July 25, 2017

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The UK Serious Fraud Office (SFO) has opened an investigation into suspected corruption by mining major Rio Tinto in its business dealings in Guinea.

The miner in late 2016 alerted the SFO and the US Department of Justice of a $10.5-million payment to a consultant for the Simandou iron-ore project. The miner subsequently terminated the contracts of energy and minerals chief Alan Davies and legal and regulatory affairs group executive Debra Valentine.

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