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SEC Drops Case Against Former Rio Tinto CFO in Long-Running Mozambique Coal Dispute
On the 9th of January, the U.S. Securities and Exchange Commission on Friday moved to dismiss its lawsuit against Guy Elliott, the former chief financial officer of Rio Tinto, bringing to a close a lengthy fraud case tied to a troubled investment in a coal project in Mozambique by one of the world’s biggest mining groups. In a filing submitted to federal court in Manhattan, the SEC said it was ending its civil action against Elliott “in the exercise of its discretion,” withou
Jan 152 min read
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