Four defendants in the Rio Tinto case, including Australian national Stern Hu (pictured left), were handed jail terms from seven to 14 years for bribery and stealing commercial secrets by a Chinese court yesterday. The verdict was handed down by the Shanghai No.1 Intermediate People's Court. Stern Hu was sentenced to 10 years in jail for bribery and stealing commercial secrets, with his assets confiscated and a fine of 1 million yuan (US$146,413). Wang Yong received a jail term of 14 years, with his assets confiscated and a fine of 5.2 million yuan. Ge Minqiang was sentenced to eight years in jail, with his assets confiscated and a fine of 800,000 yuan. Liu Caikui received a jail term of seven years, with his assets confiscated and a fine of 700,000 yuan. You can see many more stories on this case
here.
Every man and his dog will have something to say on this, and you can read most of it at the link above...