LONDON (Reuters) - Former Rio Tinto (RIO.L)(RIO.AX) chief financial officer Guy Elliott has stepped down from Britain’s Takeover Panel following fraud charges brought by the U.S. Securities and Exchange Commission (SEC) related to his time at the miner.
Elliott, who worked as CFO of Rio Tinto between 2002 and 2013, also stood down as a non-executive director of Royal Dutch Shell (RDSa.L).
He was charged by the SEC this week alongside Rio Tinto Plc and former Rio CEO Tom Albanese accused of inflating the value of coal assets in Mozambique and concealing critical information while tapping the market for billions of dollars.
Elliott has vowed to vigorously contest the charges.
The SEC is seeking to have Elliott and Albanese barred from acting as officers or directors of any public company.
Reporting by Clara Denina; editing by Jason Neely