Tuesday, July 21, 2009

Rio employee accused of bribery


China has accused an Australian Rio Tinto executive of bribing staff from Chinese steel companies during iron ore negotiations this year, according to Stephen Smith, the Australian foreign minister.

“As understood from a Shanghai State Security Bureau, during China’s iron ore negotiations with foreign miners in 2009, Stern Hu gathered and stole state secrets from China via illegal means including bribing internal staff of Chinese steel companies,” Mr Smith said, citing a statement posted on an official Chinese web site.

Mr Smith said China’s national security authority was conducting a criminal investigation of Mr Hu, the Australian detainee, and three of his Chinese co-workers.

See full Article.