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Four Rio Tinto executives jailed Four Rio Tinto executives jailed
(10 minutes later)
Four Rio Tinto executives have been found guilty of bribery and secrets theft by a Chinese court and have all been handed lengthy jail terms.Four Rio Tinto executives have been found guilty of bribery and secrets theft by a Chinese court and have all been handed lengthy jail terms.
Australian Stern Hu was handed a 10 year sentence. Wang Yong was given 14 years, Liu Caikui seven years and Ge Minqiang eight years.Australian Stern Hu was handed a 10 year sentence. Wang Yong was given 14 years, Liu Caikui seven years and Ge Minqiang eight years.
The four colleagues were on trial last week in Shanghai.The four colleagues were on trial last week in Shanghai.
The trial has heightened concerns among the foreign business community in China.The trial has heightened concerns among the foreign business community in China.
Australian diplomats have expressed concern about the lack of transparency in China's conduct of the trial.Australian diplomats have expressed concern about the lack of transparency in China's conduct of the trial.
They and other foreign observers were barred from parts of the trial dealing with the commercial espionage charges.They and other foreign observers were barred from parts of the trial dealing with the commercial espionage charges.
'Wrist slap'
Stern Hu was Rio Tinto's lead negotiator in talks with Chinese steel mills to try to settle a price for China to buy iron ore from Australian mining companies.
During the trial, the defendants admitted taking bribes, but disputed the amounts of money involved, their lawyers said.During the trial, the defendants admitted taking bribes, but disputed the amounts of money involved, their lawyers said.
Mr Hu was Rio Tinto's lead negotiator in talks with Chinese steel mills to try to settle a price for China to buy iron ore from Australian mining companies. Admissions of guilt had led some observers to believe the court may be lenient towards the executives.
The length of the sentences, therefore, came as something of a surprise.
"A slap on the wrist might have been expected, with both sides trying to put this behind them as soon as possible, but this is far longer [sentencing] than we thought," said Paul Bartholomew at Steel Business Briefing.