Rio Tinto fires 4 jailed in China for espionage, bribes

14:49, March 30, 2010      

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Rio Tinto fired four executives on Monday shortly after a Chinese court sentenced them to jail for commercial espionage and taking bribes, according to the CNN reports.

Australia's iron ore giant Rio Tinto Ltd. said the Stern Hu case will not derail its efforts to continue building its important relationship with China.

"I am determined that the unacceptable conduct of these four employees will not prevent Rio Tinto from continuing to build its important relationship with China," chief executive Tom Albanese said in a statement.

The four defendants in the Rio Tinto case, including Australian national Stern Hu, got jail terms from seven to 14 years.

The verdict was handed down Monday afternoon by the Shanghai No.1 Intermediate People's Court.

According to the court, Stern Hu, born in 1956, was sentenced to 10 years in jail for bribery and stealing commercial secrets, with his assets confiscated and a fine of 1 million yuan (146,413 U.S. dollars) imposed.

Wang Yong, born in 1969, got a jail term of 14 years, with his assets confiscated and a fine of 5.2 million yuan imposed.

Ge Minqiang, born in 1975, was sentenced to eight years in jail, with his assets confiscated and a fine of 800,000 yuan imposed.

Liu Caikui, born in 1978, received a jail term of seven years, with his assets confiscated and a fine of 700,000 yuan imposed.

Source: Agencies
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