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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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Stern Hu : Jailed former Rio Tinto executive released from prison in China By China correspondent Bill Birtles with wires Australian former Rio Tinto mining The Australian Financial Review reported Mr Hu would visit his elderly parents in Tianjin after his release — quoting a source close to the case.

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 .

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.

China releases former Rio Tinto executive Stern Hu from prison for good behaviour, eight years after he was convicted in a secret court for bribery and industrial espionage.

Stern Hu , the former head of Rio Tinto ’s iron ore business in China , has been released from a prison in Shanghai after eight years. Rio Tinto four jailed for up to 14 years by Chinese court.

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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