Rio Tinto is in talks with the UK’s Serious Fraud Office about a possible deal under which the Anglo-Australian miner would avoid prosecution on bribery allegations.
The group is seeking a deferred prosecution agreement over payment it made to a consultant working on a contentious iron ore deposit in Guinea, according to people with knowledge of the situation, who said there was no certainty a deal would be reached.
Under a DPA, the SFO charges a company with a criminal offense but proceedings are automatically suspended as long as the deal is approved by a judge. For negotiations to begin, the company has to agree on a number of terms, including paying a fine and co-operating with future prosecutions of individuals.
The original full article can be found at ft.com
(Picture: Rio Tinto)