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Biz people of the week: Winners and losers
By Qiang Xiaoji (chinadaily.com.cn)
Updated: 2010-04-02 16:22
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Rio's Hu gets 10 years in jail
Four employees of British-Australian mining giant Rio Tinto were sentenced on Monday to jail terms ranging from seven to 14 years for taking bribes and stealing commercial secrets.
The Shanghai No 1 Intermediate People's Court sentenced Stern Hu, an Australian national who headed Rio's iron ore operations in China, to seven years in prison for taking bribes, and five years for stealing commercial secrets. However, he will serve 10 years, the court said. Hu was also fined 1 million yuan ($146,000).
The other three defendants, all Chinese nationals - Liu Caikui, Ge Minqiang and Wang Yong - were sentenced to seven, eight and 14 years behind bars, respectively.
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