Australia Stern Hu: Jailed former Rio Tinto executive released from prison in China

12:06  04 july  2018
12:06  04 july  2018 Source:   abc.net.au

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About to be free again. Former Rio Tinto executive Stern Hu in 2009. His release comes as two other former Rio Tinto employees consider taking legal action against the mining giant over the circumstances that led to their lengthy jail terms in China .

Stern Hu ( Chinese : 胡士泰; pinyin: Hú Shìtài; born 1963 in Tianjin) is an Australian businessman jailed in China after pleading guilty to stealing commercial secrets and receiving bribes. Hu was formerly an executive of Rio Tinto mining group in Shanghai

Jailed former Rio Tinto executive Stern Hu has been released after nine years in prison in China.

The Australian citizen was serving time after he was convicted of bribery and industrial espionage.

China's foreign ministry spokesman Lu Kang confirmed his release at a daily news briefing in Beijing.

Mr Hu had been serving his sentence in the Qingpu prison in the Chinese financial hub of Shanghai.

He was Rio Tinto's top iron ore salesman in China, which was the mining giant's biggest market but was arrested in 2009 along with three other employees, before being convicted in a closed court.

He had been accused of accepting bribes from Chinese steel companies for favourable contracts and illegally obtaining state business secrets from Chinese mining firms.

China frees ex-Rio Tinto executive jailed on corruption charges in 2010

  China frees ex-Rio Tinto executive jailed on corruption charges in 2010 Stern Hu, the former head of Rio Tinto's (RIO.L) (RIO.AX) China iron ore business, has been released from a Shanghai prison, China's foreign ministry said on Wednesday, after serving eight years in jail following a 2010 conviction for corruption and stealing commercial secrets. Hu, an Australian citizen, was originally sentenced to 10 years in jail as tension flared between China, the world's top user of iron ore, and its biggest supplier, Australia. Fired by Rio in the aftermath, Hu is expected to return to Australia just as relations between the two countries cool to a fresh chill.

Four Rio Tinto executives have been found guilty of bribery and stealing secrets by a Chinese court and have all been handed lengthy jail terms. Australian Stern Hu was handed a 10-year sentence.

On 5 July 2009, four Rio Tinto employees were arrested in Shanghai for corruption and espionage.[27][28] One of the arrested, Australian citizen Stern Hu , was Jump up ^ Kwok, Vivian Wai-yin (10 August 2009). "The Iron Ore War: China claims Rio Tinto espionage cost it 0 billion".

Mr Hu's case came shortly after his company withdrew from a major investment deal with a Chinese aluminium giant, which was seen by some as a factor in the arrests.

His original 10-year sentence was reduced for good behaviour.

More to come.

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