Monday, November 30, 2020
Finance

Rio Tinto director steps down after UK corruption charges

Rio Tinto director John Varley has stepped down from the mining giant’s board after being charged in a high-profile UK corruption investigation.

Mr Varley, a former chief executive of Barclays, is among the four of the bank’s former senior executives charged by the UK’s Serious Fraud Office with conspiracy to commit fraud by false representation and unlawful financial assistance.

The charges follow an investigation into undisclosed payments to Qatari investors during an emergency fund raising by Barclays in 2008, when Mr Varley headed the bank.

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