Mining Executives Fraud Charges Dropped After SFO Case Collapses

UK prosecutors dropped bribery and corruption charges against London Mining Plc executives a decade after first opening their investigation, a further blow to the beleaguered white collar crime agency.

The three executives Graeme Hossie, who was chief executive officer at the miner, Rachel Rhodes, chief financial officer, and a business consultant Ariel Armon saw the Serious Fraud Office formally discontinue the case on Thursday, with the accused blaming disclosure failures that have plagued the agency.

The botched case adds to the litany of missteps at the SFO, whose chief Nick Ephgrave is set to step down next month. The ...