Rio Chairman addresses fraud and bribery allegations

Company News

by Anna Napoli

Rio Tinto (ASX:RIO) Chairman Simon Thompson has addressed allegations of accounting fraud and bribery.

Thompson said the company’s reputation has been called into question by allegations of accounting fraud relating to former assets in Mozambique and bribery in Guinea.

But, he has denied the allegations, and said Rio would fight the matter in court.

Thompson was speaking at the company’s AGM in Melbourne today.

Shares in Rio Tinto (ASX:RIO) are trading 0.29 per cent higher to $79.93.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.