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Edition: U.S. Article Comments (6) Slideshow Video Save Email Print Reprints Most Popular Most Shared Obama rallies troops on first Afghan trip | Video 28 Mar 2010 Bombers kill at least 38 in Moscow subway | Video 11:31am EDT Junk food addiction may be clue to obesity: study 28 Mar 2010 Obama did not snub Israeli PM: Axelrod 28 Mar 2010 Sex virus blamed for rise in head and neck cancers 26 Mar 2010 Junk food addiction may be clue to obesity: study 28 Mar 2010 Bombers kill at least 38 in Moscow subway | Video 11:31am EDT Sex virus blamed for rise in head and neck cancers 26 Mar 2010 U.S. lobbies a hurdle in Mexico drug war: Calderon 28 Mar 2010 Obama rallies troops on first Afghan trip | Video 28 Mar 2010 China jails Rio Tinto staff for 7-14 years Lucy Hornby and Rujun Shen SHANGHAI Mon Mar 29, 2010 8:06am EDT Factbox Factbox: China-Australia ties span business, people 4:40am EDT Related News Instant View: China convicts four Rio Tinto executives 4:40am EDT Timeline: Ethnic Chinese punished for stealing secrets, spying 5:50am EDT Related Video Four Rio staff jailed for bribery 7:24am EDT < 1 / 4 > View Full Size SHANGHAI (Reuters) - A Chinese court jailed four Rio Tinto staff for seven to 14 years on Monday for taking bribes and stealing commercial secrets, a sentence Australia said was harsh. World Rio Tinto said it would fire the four to distance itself from what it called "deplorable behavior" in a case that dates back to the middle of last year. It said Chinese prosecutors had unearthed "clear" proof of backhanders. Internal investigation had shown that all wrongdoing was outside company systems, it added. Canberra acknowledged there was convincing evidence of corruption, adding that ties with Beijing would not be hurt by the verdict in a trial which has been closely tied up with politics and diplomacy. But Australian Foreign Minister Stephen Smith said he still had "serious unanswered questions" about the most controversial part of the trial, covering the stealing of commercial secrets, which was held behind closed doors. Rio said it could not comment on these charges. In China, the verdict could strengthen the hand of China's largest, state-owned steel mills and sharply curtail Chinese iron ore purchases from volatile spot markets. The Shanghai Intermediate People's Court sentenced China-born Stern Hu, who headed Rio Tinto's iron ore operations in China, to 10 years in jail, with parts of a seven-year bribery term and a five-year secrets sentence running concurrently. Three other executives, all Chinese nationals, were jailed for seven to 14 years on bribery and secrets charges. Smith said China had missed a chance to clarify its secretive and often confusing rules about what constitutes a secret, but added that a relationship which has been strained in the past year was not at risk. "On any measure this is a very tough sentence. It is a tough sentence by Australian standards. As far as Chinese sentencing practice is concerned, it is within the ambit or within the range," he told a news conference in Canberra. "I don't believe the decision that has been made or has occurred will have any substantial or indeed any adverse implications for Australia's bilateral relationship with China." RIO SHARES UNAFFECTED The four men, dressed casually in sports jackets, stood for the verdicts, which came nine months after they were first detained at the height of fraught iron ore negotiations. The court said the defendants helped obtain information from confidential strategy meetings of the China Iron and Steel Association (CISA), which represented the Chinese steel industry in negotiations with the world's three top iron ore suppliers, Rio, BHP Billiton and Vale. Rio shares were barely affected by the sentencing. "There's no implication that Rio Tinto was involved directly in what transpired," said Tim Schroeders, portfolio manager at Pengana Capital. "This will probably allow one lingering doubt to be resolved and people to focus on the fundamentals of the company." The company's chief executive, Tom Albanese, said the miner would focus on improving ties with China now the trial was over. "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. This is a high priority for me personally," he said. Rio declined to comment on the commercial secrets charges that were at the heart of most foreign investor concern about the case, saying the firm had not been able to consider the evidence. "This was an opportunity for China to bring some clarity to the notion or question of commercial secrets," Smith said, referring to a decision to close the portion of the trial dealing with commercial secrets to Australian diplomats. "As China emerges into the global economy, the international business community needs to understand with certainty what the rules are in China," he added. Leaked testimony of money handed over in cardboard boxes and plastic bags highlighted Chinese steel mills' desperation to secure relatively low-cost and stable iron ore supplies from Rio Tinto, the world's second-largest miner. The court said the infringement of commercial secrets caused a great loss to the Chinese industry, putting it in a disadvantageous position in iron ore prices talks. According to the court, last year over 20 Chinese steelmakers paid extra advances of 1.02 billion yuan for their iron ore imports because of the crimes committed by the four. It named Tan Yixin, once tipped as future head of Shougang Steel in Beijing, and Wang Hongjiu, shipping manager for Laiwu Steel in Shandong, as the source of some of the leaks. The court also sentenced those two men on Monday, but did not announce their sentences or when the trial had taken place. Both were detained shortly after the Rio executives, in July. Foreign reporters were barred from the Rio Tinto executives' trial, held last week at the No. 1 Intermediate People's Court in Shanghai, but allowed in for the verdicts. ($1=6.826 yuan) (Additional reporting by Chen Aizhu in Beijing and Fang Yan in Shanghai; Editing by Nick Macfie) World Comments See All Comments (6) | Post Comment Mar 29, 2010 3:47am EDT They should obviously appeal the case. This case shows the world that the Chinese government is a corrupt, criminal organization that is using this case as a way to get back at Rio Tinto for harsh negotiations, which in a civilized world means business a usual. The chinese government wants foreign companies to kowtow to them, and when they don’t they attack. Just look at google. blahhhhhh Report As Abusive Mar 29, 2010 6:56am EDT Boy, that should horrify anybody doing business in China. This kind of thing is going to happen more often as so many businesses are setting up operations in China Story_Burn Report As Abusive Mar 29, 2010 8:38am EDT Boy, if that isn’t the pot calling the kettle black! minipaws Report As Abusive Mar 29, 2010 9:08am EDT I wonder if the Chinese government cracks down on corruption of their own officials as severely as they crack down on foreign crooks. Benny_Acosta Report As Abusive Mar 29, 2010 9:15am EDT Is it about time for Rio Tinto to apologize to the Chinese? It was accusing Chinese government all kinds of wrong doings towards its employees. Were Goolge’s employees doing the same things in China? commomsense Report As Abusive Mar 29, 2010 10:17am EDT If China is going to start jailing people for giving and taking bribes, then every Chinese government official and most chinese businessmen should be thrown in jail as well. Because that is how business is done in China!!! This case demonstrates the HUGE double standard in China. In order to get anything done, a bribe is expected by government officials, but now these same officials are turning around and jailing foreign company employees that give the bribes. THE ONLY REASON FOREIGN COMPANIES ARE GIVING BRIBES IS BECAUSE THE CHINESE SYSTEM RELIES UPON BRIBES!!! YOU CAN’T DO BUSINESS IN CHINA WITHOUT BRIBING GOVERNMENT OFFICIALS!!! I think it’s time to thrown the CCP officials in jail!!! See how full the prisons are then!!! Voice-of-Reason Report As Abusive See All Comments (6) Add a Comment More from Reuters Blasts rock Moscow subway stations Suicide bombers detonated explosives on two packed Moscow subway trains during morning rush hour, in what officials say is the worst attack in the Russian capital for six years. Video | Full Article Medvedev vows to root out "terrorists" Factbox: Moscow subway a Stalinist prestige project Your View: Send us your photos from the scene Russia Special Report: High-rollers and a Vegas giant A murder-for-hire case masterminded by the head of one of China's triad organized crime groups sheds light on their ties to Macau's booming gambling industry and raises troubling questions about one of the world's largest gaming companies. Full Article China Top 100 hospitals in the country Do you live near a top hospital? Our interactive graphic maps out the best 100 on Thomson Reuters' annual list. Full Coverage | Full Article Healthcare © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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