Court reveals Rio Tinto verdicts
Source: Agencies/Shanghai Daily |
August 6, 2010, Friday
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Print Edition
Print Edition
A CHINESE executive once touted as the future head of steel maker Shougang was jailed for leaking commercial secrets to employees of Anglo-Australian miner Rio Tinto, it was revealed yesterday.
Shanghai No. 1 Intermediate People's Court jailed Tan Yixin for three and a half years and fined him 300,000 yuan (US$44,000) in a closed-door trial in March, a court official requesting anonymity told Reuters.
A court official confirmed to Shanghai Daily that the verdict was handed down immediately after the Rio Tinto case, in which four of its employees were jailed, but wasn't disclosed to the public.
Another executive, Wang Hongjiu, shipping manager of Laiwu Steel in Shandong Province, was jailed for four years and fined 400,000 yuan in the same case, the court official said, declining further comment.
Tan and Wang were accused of being the source of some of the leaks to China-born Stern Hu, an Australian national who headed Rio Tinto's iron ore operations in China, and three Chinese colleagues who were jailed in March in sentences ranging from seven to 14 years for stealing commercial secrets and taking bribes.
The court official did not say what information Tan and Wang were convicted of leaking. Previous Chinese news reports said they had been charged with disclosing steel production costs and iron ore inventories - information that could benefit Rio Tinto during contract price negotiations with Chinese customers.
Rio Tinto sacked the four to distance itself from what it called their "deplorable behavior."
The case dates back to the middle of last year when the four were taken into custody. The court said in March that the infringement of commercial secrets caused a great loss to the Chinese industry, putting it in a disadvantageous position in iron ore price talks.
Last year, more than 20 Chinese steelmakers paid an extra 1.02 billion yuan for iron ore imports because of the crimes committed by the four, the court said.
Shanghai No. 1 Intermediate People's Court jailed Tan Yixin for three and a half years and fined him 300,000 yuan (US$44,000) in a closed-door trial in March, a court official requesting anonymity told Reuters.
A court official confirmed to Shanghai Daily that the verdict was handed down immediately after the Rio Tinto case, in which four of its employees were jailed, but wasn't disclosed to the public.
Another executive, Wang Hongjiu, shipping manager of Laiwu Steel in Shandong Province, was jailed for four years and fined 400,000 yuan in the same case, the court official said, declining further comment.
Tan and Wang were accused of being the source of some of the leaks to China-born Stern Hu, an Australian national who headed Rio Tinto's iron ore operations in China, and three Chinese colleagues who were jailed in March in sentences ranging from seven to 14 years for stealing commercial secrets and taking bribes.
The court official did not say what information Tan and Wang were convicted of leaking. Previous Chinese news reports said they had been charged with disclosing steel production costs and iron ore inventories - information that could benefit Rio Tinto during contract price negotiations with Chinese customers.
Rio Tinto sacked the four to distance itself from what it called their "deplorable behavior."
The case dates back to the middle of last year when the four were taken into custody. The court said in March that the infringement of commercial secrets caused a great loss to the Chinese industry, putting it in a disadvantageous position in iron ore price talks.
Last year, more than 20 Chinese steelmakers paid an extra 1.02 billion yuan for iron ore imports because of the crimes committed by the four, the court said.
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