Rio Employees Face Trade Secrets, Bribery Charges

The four detained RIo Tinto employees have been formally charged, though the anticipated charge of “stealing state secrets” was left off the list. Xinhua reports: Prosecutors have approved the arrest of four employees of the Anglo-Australian mining giant Rio Tinto Ltd. on charges of trade secrets infringement and bribery, according to a statement of China’s Supreme People’s Procuratorate late Tuesday. Preliminary investigations have showed that the four employees, Stern Hu, Liu Caikui, Ge Minqiang and Wang Yong, had obtained commercial secrets of China’s steel and iron industry through improper means, which had violated the country’s Criminal Law, according to the statement. Prosecution authorities also found evidence to prove that they were involved in commercial bribery. Reuters has the translated text of the criminal charges. See also a report from the New York Times. More reports on this story can be found via Google News. ...
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