EQR eq resources limited

ASIC?

  1. 1,559 Posts.
    Maybe not as unrelated as it would appear on first sight:

    "Instead, as the project began to suffer one setback after another resulting in the rapid decline of the value of the [...] assets, they sought to hide or delay disclosure of the nature and extent of the adverse developments" from Rio's board, audit committee, independent auditors and investors, the SEC complaint alleges.
    "Rio Tinto and its top executives allegedly failed to come clean about an unsuccessful deal that was made under their watch," said Steven Pelkin, co-director of the watchdog's enforcement division, in a statement. "They tried to save their own careers at the expense of investors by hiding the truth."

    http://www.smh.com.au/business/mini...harged-with-fraud-by-sec-20171017-gz2zhi.html

    I wish the Australian watchdog was as vigilant as its US pendant.
 
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