The Chinese government has wrapped up its investigation of industrial espionage and bribery charges against four executives of Anglo-Australian mining giant Rio Tinto Group and referred the matter to the Shanghai People’s Procuratorate for a decision on whether to prosecute. Here’s a story on it from The Wall Street Journal.
Last July, Chinese authorities arrested Shanghai-based Rio Tinto executive Stern Hu and three subordinates on charges that they bribed officials and illegally obtained information to gain an unfair advantage in setting prices in China for Rio Tinto iron ore. The executives have been in custody since then and will remain there at least until prosecutors in Shanghai decide whether or not to take the case forward, a decision that could take several months.
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