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Prosecutors nod Rio Tinto employees' arrest over trade secrets infringement, bribery

Chinaview Editor: Yan Prosecutors have approved the arrest of four employees of the Anglo-Australian mining giant Rio Tinto Ltd. on charges of trade secrets infringement and bribery, according to a statement of China's Supreme People's Procuratorate late Tuesday. Preliminary investigations have showed that the four employees, Stern Hu, Liu Caikui, Ge Minqiang and Wang Yong, had obtained commercial secrets of China's steel and iron industry through improper means, which had violated the country's Criminal Law, according to the statement. Investigations have also revealed that there were suspects in China's steel and iron enterprises who were providing commercial secrets for them and were involved in commercial bribery.

Full post as published by The Trade Secrets Vault on August 11, 2009 (boomark / email).