Shanghai Court Sentences Rio Tinto Executives and Rio Fires Staff

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Tuesday, June 1, 2010
Author: 
Bruce Zagaris
Volume: 
26
Issue: 
6
Abstract: 
On March 29, 2010, a Shanghai court sentenced four executives from the Australian mining multinational corporation Rio Tinto to between seven and fourteen years in prison on bribery and corporate espionage charges. Rio Tinto issued a statement that the conduct constituted “a clear violation of Chinese law and Rio Tinto’s code of conduct,” and said it was firing the four men...more...