Rio Tinto execs handed lengthy jail terms

clock

Four Rio Tinto executives have been found guilty of bribery and stealing secrets by a Chinese court.

In addition to being fined and having their assets confiscated, they were given hefty jail sentences. Australian Stern Hu was handed a 10-year sentence, Wang Yong 14 years, Liu Caikui seven years and Ge Minqiang eight years. Stephen Smith, Australia's foreign minster, criticised the court for not allowing Australian diplomats access to the parts of the hearing which dealt with the commercial espionage charges. "Whilst we do not condone bribery in any way, I think the sentence, on any measure, is harsh," he said, before adding that the sentence would not have an adverse effect on Austr...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Restricted and independent: Why the language of advice must move with the times

Restricted and independent: Why the language of advice must move with the times

'These labels matter because they influence how people view advice'

Roger Brosch
clock 20 June 2025 • 3 min read
Women in Financial Advice Awards 2025: Entry period closes today!

Women in Financial Advice Awards 2025: Entry period closes today!

There is still time to complete your WIFA 2025 entries

Professional Adviser
clock 20 June 2025 • 1 min read
Feel Good Friday: SJP partners and employees complete Westerham's charity 'Big Walk'

Feel Good Friday: SJP partners and employees complete Westerham's charity 'Big Walk'

Nearly a hundred people took part in 21.9km trek

Professional Adviser
clock 20 June 2025 • 1 min read