InfoAnda - Shanghai court rejects ex-Rio Tinto execs' appeals

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Shanghai court rejects ex-Rio Tinto execs' appeals AP - Tuesday, May 18 Send IM Story Print SHANGHAI – Shanghai's Higher People's Court has rejected appeals by three former employees of mining giant Rio Tinto of sentences for corruption and stealing commercial secrets, saying Monday that their cases were handled appropriately. Chinese citizens Wang Yong, Ge Minqiang and Liu Caikui, sentenced to jail terms of seven years to 14 years, were convicted in a high-profile case that also resulted in an Australian former employee of Rio Tinto, Stern Hu, getting a 10-year jail prison sentence. All four had pleaded guilty. Hu did not appeal. Court staff confirmed that the appeals were rejected but would give no further details. They said a news release by the official Xinhua News Agency stood for the official notice of the decision. It said that according to the court's verdict, "the facts affirmed by the Shanghai No. 1 Intermediate People's Court were clear, the convictions and the sentences were appropriate and trial procedures were legal." Rio Tinto is a key supplier of iron ore to China, the world's biggest steel producer. The company initially rejected the charges against its employees but after they were convicted dismissed them, saying the crimes were not connected with Rio Tinto's official business dealings. Hu, the former manager of Rio Tinto's China iron ore business, and his three coworkers were detained in July during contentious price talks with state-owned steel mills. The trial in late March found Hu and the others guilty of taking millions of yuan (dollars) in bribes and improperly obtaining commercial secrets from Chinese steel companies that they used to push up prices that China paid for iron ore imports. In 2009, more than 20 Chinese steel mills paid an extra 1.02 billion yuan ($149.3 million) for iron ore because of their crimes, the Xinhua report cited the court as saying. Recommend Send IM Story Print Related Articles GLOBAL MARKETS-U.S. stocks dn on earnings outlook Reuters - 25 minutes ago US-BUSINESS Summary Reuters - 26 minutes ago Lowe's dampens hopes for U.S. recovery in 2010 Reuters - 26 minutes ago India's GAIL sees $1.8 bln capex in FY11 Reuters - 36 minutes ago EU set to fine Samsung Elec, Hynix, others-sources Reuters - 37 minutes ago News Search Top Stories Greece PM says 'not begging' ahead of EU loan Euro, shares and oil caught in debt storm worries GM returns to profit in 2010 first quarter Astronauts begin first space walk from Atlantis Prudential eyes record takeover of Asian insurer More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Boy survivor of Libya air crash 'stable but confused' Portugal takes more austerity measures Asia steps into Cannes spotlight Pope rallies priests as crowds flock to Fatima Euro hits four-year dollar low, stocks mixed More Most Viewed » Scientists stunned as grey whale sighted off Israel Lack of sleep linked to early death: study UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Freddie Mac asks for fresh 10.6 billion dollar bailout More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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