Aug 12 2009
China Formalizes Charges Against Rio Tinto Employees
An article titled ‘China Charges 4 Rio Tinto Employees; Spying Allegations Are Dropped’ reports that yesterday China did just that – formally charging the four with ‘commercial bribery and trade secrets infringement’. China is reported to have ‘backed away’ from charges of espionage or violation of the country’s state secrets law, which are reported as ‘much more serious’. The article does not say what the possible penalties might be should one or more of those accused be found guilty. It will be interesting to see how this plays out, both from the standpoint of this specific fact situation – and in my view even more so from the perspective of what general impact, if any, this has on companies doing business in China. Stay tuned.
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