Sent down – riotinto

Riotinto cowboys locked up by a Chinese court, the ringleader gets ten years. I think i’ll send a postcard.

SHANGHAI (Reuters) – A Shanghai court on Monday sentenced a Chinese-Australian executive of Rio Tinto to 7 years in prison on Monday on charges of accepting bribes and 5 years on charges of stealing commercial secrets.

The Shanghai Intermediate People’s Court said Stern Hu, who headed Rio Tinto’s iron ore operations in China, will serve 10 years, with part of the sentences running concurrently, and will also be fined 500,000 yuan ($73,250), and have 500,000 yuan worth of assets confiscated.

Three other Rio executives, all Chinese nationals, were also sentenced to between 7 and 14 years in prison on bribery and secrets charges.

The court said the infringement of commercial secrets caused a great loss to Chinese steel mills, putting them in a disadvantageous position in iron ore pricing talks.

More here.

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About john hutnyk

Writer on culture, cities, diaspora, history, film, prisons, colonialism, education, Marxism. Studied and taught in Australia at Deakin and Melbourne Universities; and in the UK in Manchester University’s Institute for Creative and Cultural Research; before moving to Goldsmiths in 1998, and becoming Academic Director of the Centre for Cultural Studies in 2004-2014. Has held visiting researcher posts in Germany at the South Asia Institute and Institute fur Ethnologie at Heidelberg University, and Visiting Professor posts in InterCultural Studies at Nagoya City University Japan, Zeppelin University and Hamburg University, Germany, Sociology at Mimar Sinan University, Istanbul, Turkey and at the Graduate institute for Social Research and Cultural Studies, National Chiao Tung University, Taiwan. Immediate past adjunct Professor of RMIT University, Melbourne and GIAN Visiting Professor Jadavpur Uni Kolkata.
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One Response to Sent down – riotinto

  1. Pingback: NEWS: RIO Tinto cowboys locked up in China « New Politics Review

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