U.S. SEC charges Rio Tinto, former top executives with fraud
October 17, 2017 at 20:05 PM EDT
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million.
