Mining company declares “consultancy payment” to Serious Fraud Office following confrontation by a French website.
Rio Tinto, the FTSE 100 mining company, reported itself to the Serious Fraud Office (SFO) over a $10.5m “consultancy payment” after it was confronted by a news website, despite having been aware of the issue for more than two months, according to The Times.
Rio Tinto announced on Tuesday that it had informed British and American authorities after emails emerged regarding a "consultancy payment".
Alan Davies, head of diamonds and minerals, has been suspended, while Debra Valentine, director of legal and regulatory affairs, has stood down
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